atato raises US$1M to help financial institutions build blockchain-based digital assets solutions
Thailand-based digital assets company, atato, said today it has raised US$1 million in a seed financing round led by Zipmex Asia, SOSV, and other undisclosed angel investors.
The capital will be used to build out its digital assets products, strengthen its teams, security and compliance.
Started in 2017, with a footprint in both Singapore and Thailand, atato helps financial institutions and digital assets service providers in Southeast Asia build blockchain-powered digital assets solutions.
Its products help companies create, store and manage digital assets in full compliance with the Southeast Asian digital assets regulations — particularly in the areas of secure digital assets storage, custody and end-user wallets platforms and integrations.
atato claims it has advised and serviced many entities in the private and public sectors.
Akalarp Yimwilai, CEO of Zipmex Thailand, remarked, “Blockchain is an eccentric technology that responds spontaneously to changes in consumer behaviour as the technology matures. We thrive to explore new opportunities through new projects, ranging from custody solutions, DeFi opportunities, and in time to come, a native Zipmex blockchain. This investment is in alignment with our roadmap as we plan to diversify our products and services to become a key player in this region.”
“Technology has revolutionised many segments of the finance industry but the process and cost of doing an IPO haven’t changed since I worked on my first NASDAQ listing in the late 1990s — it’s slow and expensive,” added William Bao Bean General Partner SOSV.
According to a report by Global Market Insights, the market valuation for cryptocurrency will cross US$1.8 billion by 2027.
With the recent rise in popularity of decentralised finance and the emergence of smart contracts, experts anticipate the market to grow further at an exponential rate.
Image Credit: atato
The post atato raises US$1M to help financial institutions build blockchain-based digital assets solutions appeared first on e27.
,atato raises US$1M to help financial institutions build blockchain-based digital assets solutions | e27
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