Pieverse Secures $7M for Web3 Compliance Infrastructure Expansion
- Pieverse raises $7M for infrastructure expansion.
- Led by Animoca Brands and UOB Ventures.
- Aim to enhance compliance and multi-chain integration.
Pieverse has secured $7 million in funding, led by Animoca Brands and UOB Ventures, to enhance its Web3-native payment and compliance infrastructure. This investment supports expanding protocols, enhancing compliance, and integrating multi-chain capabilities.
Points Cover In This Article:
ToggleThe recent funding in Pieverse reflects a growing interest in Web3 compliance. It underscores the market’s focus on integrating on-chain compliance solutions that align with traditional finance standards.
Investment for Enhanced Compliance Infrastructure
Pieverse, a Web3-native infrastructure firm, secured $7 million in a funding round. Animoca Brands and UOB Ventures led the investment, emphasizing Pieverse’s role in advancing compliance. The funds will support their multi-chain integration.
Strategic Institutional Backing
The participation of notable investors like Animoca Brands highlights institutional interest in Web3 developments. This funding enables Pieverse to enhance their compliance infrastructure, crucial for enabling regulatory-compliant decentralized finance.
“Pieverse aims to achieve clarity and compliance standards for on-chain transactions that are on par with traditional finance. This financing will support the expansion of enterprise-level compliance functions and global team building, and accelerate the multi-chain integration process.” – Colin Ho, Co-founder & CEO, Pieverse
Potential Outcomes and Market Impact
The funding amplifies Pieverse’s potential to influence DeFi through robust compliance tools . By focusing on multi-chain solutions, it facilitates collaboration across various cryptocurrency ecosystems, including Binance’s network.
Financial impact sees Pieverse advancing its compliance toolkit, crucial for regulatory-ready DeFi payments. Institutional backing provides a paradigm for future investments in blockchain-based financial infrastructures, prioritizing transparency and auditability.
Potential outcomes include innovations in DeFi standards, providing enhanced regulatory tools, and improving auditable transactions. The shift may generate increased adoption of Pieverse’s infrastructure, aligning blockchain payments with traditional finance compliance standards.
