- E Money Network has received $3.3 million in its ongoing bridge round with Animoca Brands as a lead validator, and investments from Kelsier Ventures, GBV, BFF, Morningstar Ventures, Momentum 6, Blockchain Founders Fund, and Banter Capital among other investors.
- E Money Network is leading the way with the world’s first regulated modular RWA protocol
- The bridge round remains open, and E Money Network is in discussions with more investors to bolster its growth trajectory.
E Money Network, a modular Real-World Asset (RWA) blockchain platform built with compliance at its core, has secured $3.3 million in an ongoing bridge funding round.
This strategic investment from prominent VCs including GBV Capital, Momentum 6, Blockchain Founders Fund, Morningstar Ventures, Kucoin, Blackedge Capital, Banter Capital will fuel E Money Network’s mission to revolutionize RWA tokenization.
Designed as a Layer 1 (L1) blockchain with built-in compliance modules, E Money Network empowers seamless RWA tokenization, integrating real-world assets into the evolving digital landscape. Recognizing the growing need for regulatory clarity in the crypto space, E Money Network has prioritized compliance by incorporating Know Your Customer (KYC) and Anti-Money Laundering (AML) functionalities directly into its infrastructure. This ensures a fully compliant and vetted environment for developers, businesses, and users.
With the implementation of the Markets in Crypto Assets (MiCA) regulation in Europe on the horizon, E Money Network is poised to be a frontrunner in offering a secure and compliant environment to RWA projects. Not only can it facilitate the issuance of e-money tokens in a MiCA-compliant manner, but it also boasts of a banking license, enabling end-to-end MiCA-compliant storage and custody solutions.
Quotes from Key Players
- Raj Bagadi, Founder and CEO of E Money Network: “This bridge round significantly strengthens our growth trajectory. The funds will be used to develop and launch the E Money Network beta mainnet, onboard developers and provide grants for application development, expand our team, collaborate with existing projects, and execute strategic marketing initiatives.”
- Nilotpal Mukherjee, Founder and Partner of Symbiote and Momentum6: “Deeply impressed with my journey with Raj – one of the most humble and honest operators in the space. Nothing of this association has been short of fulfilling, seeing through the early days of vision setup during the darkest of bear markets , to product fine-tuning and maturity and finally building one of the most secured and Mica compliant chain that’s the need of the hour. It’s just the beginning and we totally believe E Money would be the network to reckon for regulated institutions in times to come.”
Building a Thriving Developer and User Community
E Money Network recently launched its testnet, showcasing a processing capacity of up to 1,000 transactions per second (TPS). Additionally, they have initiated a rewards program incentivizing users for social media engagement and on-chain activities. Furthermore, a grant program has been established to support developers building applications on the E Money Network platform.
Interoperability: Unlocking Liquidity and Innovation
By fostering interoperability between various blockchain systems, E Money Network aims to achieve greater cohesion within the blockchain space. This will unlock billions of dollars in liquidity from crypto protocols and expand the scope for next-generation financial applications and RWA use cases within the E Money Network ecosystem. Interoperability fosters increased liquidity for RWAs like commodities, intellectual properties (IPs), and stocks on the blockchain, while tokenization paves the way for optimized monetization strategies.
E Money Network Ecosystem: A Look Ahead
- E-money tokens: The default stable asset within the E Money Network’s DeFi/RWA ecosystem allowing users to mint e-money tokens.
- E Money Wallet: The native wallet with integrated IBAN functionality, allowing users to spend e-money tokens seamlessly within and beyond the E Money Network.
- $EMYC Launch: The upcoming native token of the E Money Network ecosystem, powering all its operations.
About E Money Network
E-Money Network stands as the pioneering public permissioned blockchain that integrates Know Your Customer (KYC) and Anti-Money Laundering (AML) processes on-chain. It offers a MiCA-compliant infrastructure with robust bank-grade security, catering to both individual and institutional users. The network serves as a seamless bridge between Web2 and Web3, incorporating a Biometric Bridge, KYC compliance, Proof of Ownership, and Chain of Custody.
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