June 01, 2024
E Money Network, a modular Real-World Asset (RWA) blockchain platform with compliance at its core, has recently secured $3.3 million in an ongoing bridge funding round. This strategic investment from prominent venture capitalists (VCs), including GBV Capital, Momentum 6, Blockchain Founders Fund, Morningstar Ventures, Kucoin, Blackedge Capital, and Banter Capital, will propel E Money Network’s mission to revolutionize RWA tokenization.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
E Money Network | $3.3M | June 01, 2024 | Seed | $3.3M | Animoca Brands | RWA |
As a Layer 1 (L1) blockchain equipped with built-in compliance modules, E Money Network facilitates seamless RWA tokenization by integrating real-world assets into the evolving digital landscape. Recognizing the increasing demand for regulatory clarity in the crypto space, E Money Network has proactively incorporated Know Your Customer (KYC) and Anti-Money Laundering (AML) functionalities directly into its infrastructure. This commitment ensures a fully compliant and vetted environment for developers, businesses, and users.
With the impending implementation of the Markets in Crypto Assets (MiCA) regulation in Europe, E Money Network is well-positioned to provide a secure and compliant ecosystem for RWA projects. Notably, it not only enables the issuance of e-money tokens in a MiCA-compliant manner but also holds a banking license, allowing for end-to-end MiCA-compliant storage and custody solutions.
About E Money Network
E-Money Network is a groundbreaking public permissioned blockchain that seamlessly integrates Know Your Customer (KYC) and Anti-Money Laundering (AML) processes directly on the blockchain. It boasts a MiCA-compliant infrastructure with robust, bank-grade security, catering to both individual and institutional users. The network serves as a vital bridge between Web2 and Web3, incorporating features such as a Biometric Bridge, KYC compliance, Proof of Ownership, and a Chain of Custody.
Website: https://www.emoney.io/
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About Investor
Investor: DWF Labs
Description: Animoca Brands is a company that develops and publishes a diverse portfolio of games and products. Their offerings span both traditional games and blockchain-based games, with many of them featuring popular global brands. Some of the well-known brands associated with Animoca Brands include Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E1. Additionally, Animoca Brands is an active investor in the NFT space, with over 150 investments in NFT-related blockchain companies such as Axie Infinity, OpenSea, Dapper Labs (known for NBA Top Shot), Yield Guild Games, Alien Worlds, and Star Atlas1. Their focus on digital property rights and innovative gaming experiences positions them at the forefront of the evolving metaverse landscape.
Location: Hong Kong
Website: https://www.animocabrands.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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