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Singapore-based crypto wallet BitKeep announced on Wednesday the closure of a $15 million Series A round. At the moment, the company is worth $ 100 million. The funding will help BitKeep develop a cross-network decentralized autonomous organization (DAO) to transfer ownership of the ecosystem to wallet users.
Dragonfly Capital led the round of investments, involving KuCoin Ventures, A&T Capital, Foresight Ventures, SevenX, Matrixpor, Bixin Capital, Danhua Capital, Peak Capital and YM Capital.
In March, BitKeep announced that its multi-network wallet had reached a volume of 5 million transactions with more than 150,000 daily active users. The wallet supports Ethereum, Solana, BNB Chain and Polkadot, as well as other blockchains.
“With its end-to-end product, BitKeep’s next step is to serve a more global user base and it is poised to become one of the leading Web 3.0 gateways,” Dragonfly Capital partner Mia Deng said in a press release.
The investment marks the largest bet by Dragonfly Capital, a venture capital firm with about $3 billion in assets under management, on a wallet manufacturing company, Dan said. The firm previously participated in a $200 million funding round, MetaMask ConsenSys.
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