Dapix closes $5.7m Series A led by Binance Labs

Dapix, a global cryptocurrency exchange and blockchain ecosystem, has bagged $5.7m in its Series A led by Binance Labs.

Other contributions to the round came from Blockwall Capital, NGC Ventures, LuneX Ventures, and previous backers Access Venture Partners, Dundee Venture Capital, and First Mile Ventures.

Dapix aims to evolve inter-wallet operability through its FIO Protocol. The solution is an industry standard, decentralized service layer which improves the usability of all blockchains, tokens and coins. The aim is to streamline and improve the security of sending and receiving tokens and coins.

Alongside the capital raise, the company has announced the launch of the FIO Address Pre-sale which lets individuals across various wallets reserve human readable FIO usernames and domains. These will enable access to the FIO Protocol when it is launched.

Binance Labs head Ella Zhang said, “Binance and Binance Labs have a long-standing commitment to growing the cryptocurrency ecosystem and bringing more real-world adoption to blockchain.

“We are delighted to advance blockchain usability as the lead investor in the development of the FIO Protocol. We were impressed by FIO’s dynamic business team and founders and look forward to working with the FIO team to achieve our mission together.”

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