Technology Updates

UK-based DeFi lending protocol organisation Euler raised $8m in Series A funding led by Paradigm.

A survey by Temenos has found investment in technology and data infrastructure are the most vital priorities for asset managers as they look to deliver a post-pandemic recovery.

Taiwanese blockchain TradeTech firm XREX has closed a $17m funding round led by investment firm CDIB Capital Group and several big-name investors.

PayPal’s UK customers can buy, sell, and hold Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

Crypto-focused digital payment ecosystem MobileCoin has closed a $66m funding round as part of a wider effort to bring more of its products and services to the market.

India- and San Francisco-based crypto asset management platform Mudrex raised $2.5m in seed funding.

CoinDCX, an Indian cryptocurrency exchange, has become the country’s first crypto unicorn with a $90m Series C fundraise led by Facebook co-founder Eduardo Saverin’s B Capital.

Indonesia-based cryptocurrency exchange Pintu has completed an extended Series A funding round led by global venture capital firm Lightspeed Venture Partners.

While BharatPe’s massive Series E round may have secured the most headlines last week, CyberTech ventures bagged the most capital injections.

Matrixport, which claims to be one of Asia’s fastest growing digital asset platforms, has joined the unicorn club, after it closed a Series C round.