Blocko raises $7.4m in a second Series B round

South Korean blockchain company Blocko has attracted roughly $7.4m in a new venture round.

The Series B investment was backed by the two South Korean banks Shinhan Bank and KEB Hana Bank. It also raised money from private equity firm LB Investment and asset management company Dadam Investment.

This is the commercial blockchain firm’s second Series B round. It raised its first Series B round in June 2018. It was worth $8.9m. That round followed from a Series A round in July 2016 worth $1.5m and another Series A round in April 2017, which was worth $4.5m.

Speaking of South Korea, the country recently announced it was changing the way it was regulating cryptocurreny exchanges. From now on, South Korea’s Financial Services commission will go in and directly regulate them instead of regulating them indirectly through administrative guidance.

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