BlockBeats News, on July 31, it was disclosed by Finloop, a subsidiary of Fosun, that the company recently completed nearly $10 million in Series A financing, with investors including the Solana Foundation and other Web3 industry institutions.
The funds from this financing will be used to rapidly build and enhance the company's new business system for Web5—RWA (Real World Assets), improving its integrated capabilities for legal currency, stablecoins, and digital assets, providing financial institution clients with a one-stop technology solution that links traditional finance and the digital asset world.
According to the introduction, Finloop's strategic vision is Web5, and its business model primarily supports a B2B service platform for all types of financial products. This is achieved through a comprehensive end-to-end technology solution and an AI operations platform, supporting a full range of Web2 products (such as cash management, public funds, private funds, bonds, notes, insurance, etc.) as well as a full range of Web3 products (such as standard financial assets RWA, non-standard assets RWA, VATP, virtual asset ETF, overseas stablecoins, Hong Kong stablecoins, etc.). The fusion of the two gives birth to Web5, which not only maintains the essence of safety and compliance in finance but also unleashes limitless possibilities in the digital world.
