August 12, 2024
TuringBitChain, a native BVM utilizing the UTXO underlying model, has completed its initial round of institutional financing. The round saw participation from ZC Capital, Stratified Capital, TradingEQ, HK HuaEr Group, and others. The specific valuation details have not been disclosed.
Project | Latest Raise Date | Stage | Category |
|---|---|---|---|
TuringBitChain | August 12, 2024 | Institutional Financing | Layer 1 |
About TuringBitChain
TuringBitChain is a blockchain platform based on the UTXO (Unspent Transaction Output) model, designed to support enterprise-grade applications. Recently, the platform completed its first round of institutional financing, attracting investments from notable firms such as ZC Capital, Stratified Capital, TradingEQ, and HK HuaEr Group. Although specific valuation details have not been disclosed, the funding will be used to further develop TuringBitChain’s infrastructure and expand its capabilities. The platform aims to bridge the gap between decentralized finance (DeFi) and traditional finance (TradFi), providing a secure and efficient environment for various financial transactions and applications..
Website: https://turingbitchain.io/
About Investor
The round saw participation from ZC Capital, Stratified Capital, TradingEQ, HK HuaEr Group, and others.
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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