• Fri, 20 Sep 2019, 06:23 PM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Blockchain startup Blocko secures $7.4M in Series B+ round from major South Korean financial institutions

Thu, 22 Aug 2019, 10:41 am UTC

South Korean blockchain startup Blocko has announced that it has raised 9 billion won (or approximately $7.4 million) in a Series B+ funding round.

The latest round saw participation from major domestic financial institutions including LB Investment, Shinhan Bank, KEB Hana Bank, and Dadam Investment. It follows last year’s $8.9 million Series B round which drew support from Samsung Venture Investment, POSCO, SparkLabs Ventures, and others.

Founded in 2014, Blocko is an enterprise blockchain platform provider and has successfully established blockchain-based services with a number of organizations including the Korea Exchange, Credit Suisse, Hyundai Motors, Lotte Card and many more.

The company said that it is also working with a number of national institutions such as the Bank of Korea and the Korea Electronics and Telecommunications Research Institute to expand the blockchain infrastructure.

"We will also showcase various blockchain-based solutions that can be utilized in the smart grid field, where it was difficult to implement effective business models with existing information (IT) infrastructure through collaboration with various corporate customers and institutions," said Blockco CEO, Kim Won-beom, as quoted by The Block.

Local news outlet edaily reported that Blocko recently launched Aergo Enterprise, which is already being used by over 10 companies. AERGO allows businesses to build innovative applications and services by sharing data on a trustless and serverless IT ecosystem.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $10,148.60 (+0.94%)
  • Ethereum (ETH) $216.67 (-1.91%)
  • XRP (XRP) $0.290400 (-4.27%)
  • Bitcoin Cash (BCH) $314.16 (-1.06%)
  • Litecoin (LTC) $74.61 (-2.96%)
  • Bitcoin (BTC) $10,148.60 (+0.94%)
Sep 20, 2019 (Friday)
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: LTC/USD Technical Analysis Summary
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Azerbaijan's State Customs Committee seeks to exchange information with global counterparts via blockchain
Coinbase considers listing 17 new digital assets including Kadena and Telegram
Crypto Technicals: ETH/USD consolidates previous session's gains, bias bullish above 200-DMA
US Congress’ upcoming hearing with SEC to focus on cryptocurrencies and Libra
Crypto Technicals: BTC/USD retraces from 3-week lows, resumes range trade, bias neutral
Square Crypto taps former Google, Facebook and Lightning Labs execs for inaugural developer team
Crypto Technicals: XTZ/USD struggles at 200-DMA resistance (1.1209), break above to see further gains
Bank of America joins blockchain-based trade finance network Marco Polo
Patrick Byrne sells off his $100M Overstock stake to buy cryptocurrencies, blames 'deep state' and SEC
Early ethereum supporter Steven Nerayoff faces $12M cryptocurrency extortion charges
Crypto trader Genesis acquires Qu Capital to bolster trading technology
Crypto Technicals: IOT/USD Technical Analysis Summary
Pakistan's Faysal Bank becomes the country's first bank to adopt Ripple's xCurrent technology
All 7-Eleven stores in the Philippines now sell bitcoin, thanks to the new partnership of Abra, ECPay
Arab Bank Switzerland partners with Taurus to offer cryptocurrency services to its wealthy clients
IBM, Citibank, Ubisoft signed up as corporate partners of Singapore's blockchain accelerator Tribe
Sep 19, 2019 (Thursday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.