DeFi Infrastructure Provider Raises $4.5M for Bridging Blockchains

The South Korean company will use the funds to develop a range of blockchain tools for building decentralized finance applications that link the country's independent crypto networks.

AccessTimeIconDec 13, 2022 at 1:00 p.m. UTC
Updated May 9, 2023 at 4:04 a.m. UTC
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May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now, a provider of decentralized finance (DeFi) services, has raised $4.5 million to help forge links between separate blockchains in its native South Korea.

The Series A+ funding round was led by Woori Technology Investment, the company said via email Tuesday. It extends a $4.5 million Series A funding round earlier this year.

The Seoul-based company, whose clients include Samsung and LG, intends to use the funds to develop a range of blockchain tools, such as software development kits (SDK) and application programming interface (API) for setting up DeFi infrastructure and forging bridges between independent blockchains in South Korea and internationally.

Without it, blockchain initiatives in South Korea could see the emergence of numerous competing ecosystems, "content in their isolation, seldom fully interacting with one another," according to

Its aim therefore is to build the infrastructure that can facilitate interoperability between different networks. To this end, it compares itself to SWIFT, the global messaging system that enables cross-border payments by allowing banks in different countries to transact with one another.


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Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

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