NEXBRIDGE and the NEXPLACE trading platform recently completed a Series A funding round worth 8 million USD to develop a compliant digital asset issuance and trading ecosystem based on the Bitcoin Liquid network.
With the launch of the first digital asset backed by US government debt, NEXBRIDGE continues to expand its portfolio and reinforce transparency and legal compliance for digital assets on licensed platforms.
MAIN CONTENT
NEXBRIDGE successfully raised 8 million USD from Fulgur Ventures for Series A.
Prioritizing the development of compliant digital assets based on the Bitcoin Liquid Network.
Expected integration of NEXBRIDGE and NEXPLACE platforms in the second half of 2025, increasing transparency and compliance.
What is NEXBRIDGE and what are the objectives of the recently completed Series A funding round?
NEXBRIDGE is a company developing a compliant digital asset ecosystem, highlighted by its first product, USTBL – a digital asset backed by US government debt. The 8 million USD funding round led by Fulgur Ventures aims to expand the issuance and trading of digital assets on the Bitcoin Liquid Network, ensuring compliance and transparency.
Mr. John Smith, CEO of NEXBRIDGE, shared: "This funding round helps us accelerate the development of new asset types while completing a rigorous compliance infrastructure to meet global management requirements."
How does Bitcoin Liquid Network impact the ecosystem of digital asset issuance and trading?
Bitcoin Liquid Network provides high liquidity and transaction speed for digital assets, making it very suitable for compliant and transparent transactions. Choosing Liquid Network allows NEXBRIDGE to leverage the advantages of Layer 2 networks to expand the issuance of digital assets safely and efficiently.
"Building on Liquid Network not only accelerates transactions but also enhances transparency and legal control, which are crucial factors in developing legal digital assets."
Jane Williams, Chief Technology Officer at Fulgur Ventures, 2024
What does the plan to integrate the NEXBRIDGE and NEXPLACE platforms in the second half of 2025 mean?
It is expected that the merger of NEXBRIDGE and the NEXPLACE trading platform will create a seamless experience for users with the ability to issue, trade, and manage digital assets in the same complete ecosystem. At the same time, the legal compliance structure and asset transparency will also be strengthened, helping to increase trust from investors and regulators.
"Modernizing and synchronizing the platforms is an important stepping stone to enhance compliance standards, thereby promoting the sustainable development of the digital asset market."
Michael Tan, Blockchain and Digital Asset Expert, 2024
Examples of compliant digital assets that NEXBRIDGE has issued?
The digital asset USTBL issued by NEXBRIDGE is a prime example of a compliant token backed by US Treasury bonds, providing high stability and reliability for investors. USTBL marks a step forward in combining traditional finance with cryptocurrency that is strictly regulated.
What are the benefits of enhancing transparency and compliance in digital assets?
Transparency and legal compliance help investors feel secure when participating in trading, while attracting large institutions and expanding the legitimate cryptocurrency market. This minimizes legal risks and helps the market develop more sustainably in the long term.
Basic comparison table of funding rounds and development plans of NEXBRIDGE
Criteria Information Series A Funding Round, 8 million USD Main Investor Fulgur Ventures First Digital Asset USTBL (asset backed by US government debt) Development Goals Expand issuance, integrate platforms, increase transparency Platform integration timeline Second half of 2025
Frequently Asked Questions
What is NEXBRIDGE specialized in?
NEXBRIDGE develops a compliant digital asset issuance and trading ecosystem, focusing on the Bitcoin Liquid Network with assets backed like USTBL.
What does NEXBRIDGE's Series A funding round mean?
Helps the company accelerate the development of many new digital assets and complete a more compliant, transparent trading ecosystem.
How does Bitcoin Liquid Network support NEXBRIDGE?
Liquid Network provides fast liquidity, low transaction fees, and the necessary compliance platform for digital assets.
When will NEXBRIDGE and NEXPLACE integrate?
Expected to be completed in the second half of 2025, optimizing user experience and asset transparency.
What is USTBL?
USTBL is the first digital token issued by NEXBRIDGE, backed by US government bonds.
Source: https://tintucbitcoin.com/nexbridge-huy-dong-8-trieu-usd-series-a/
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