Berlin-based M^ZERO Labs, a company seeking to build neutral infrastructure to connect assets in the global financial system to decentralized applications, has raised $22.5 million in a funding round led by Pantera Capital . The round also included participation from other investors such as Road Capital, AirTree, Standard Crypto, The SALT Fund, ParaFi Capital, Distributed Capital, Kraynos Capital, Mouro Capital, and Earlybird.
The funds will be used to build a decentralized infrastructure that will allow institutional participants to allocate assets and transfer value on-chain in a "fully transparent, open-source and composable manner," while minimizing the risks they face, the company said. counterparty risk. The funding will also be used to aid in ongoing product development.
M^ZERO stated that its goal is to equip accredited financial institutions that comply with local regulations with advanced middleware for on-chain and open-source value transfer. The platform aims to connect global financial system assets with decentralized applications, providing enhanced functionality to participants. “This fundraising will enable the team to develop an infrastructure that we believe will revolutionize the way institutions allocate assets and exchange value,” said Luca Prosperi, CEO of M^ZERO Labs. “Shared on-chain governance and settlement will seamlessly interact with best practice assets in a regulatory friendly setting."
“It will be an open-source, reliable, neutral protocol where providers of liquidity and collateral can meet freely in a decentralized marketplace on a blockchain rail,” said Pantera Capital’s Paul Veradittakit. Pantera is one of the earliest investment funds in the crypto industry. It started operations in 2013 when the value of Bitcoin, Trades under $100. In 2022, Pantera CEO and founder Dan Morehead announced plans to raise $1.25 billion for a second blockchain fund.
