Binarii raises €1.5m with aim of making blockchain ‘boring’ | Business Post

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Binarii raises €1.5m with aim of making blockchain ‘boring’ – ChasTaylor reports.

Amrit Kumar, chairman of Binarii: ‘The solutions we’re building will be critical to securing the over $200 billion in assets locked across decentralised financial applications’

Binarii Labs, an Irish blockchain start-up, has closed a $1.6 million seed round that values it at $6.5 million. The company, a spin-in at NovaUCD, the University College Dublin innovation hub, is developing enterprise-focused products based on distributed ledger technology . "We make blockchain boring, dependable and fit for business," Aidan Finn, the firm’s chief executive, told the Business Post.

Headquartered in Co Kildare, Binari's backers include the dParadigm Fund, a British Virgin Islands-registered digital...

 

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