Cryptocurrency compliance technology company VerifyVASP completed a $5 million funding round at a valuation of $100 million, led by FTX Ventures

According to Chain Catcher, The Block reports that the crypto regulatory technology company VerifyVASP has completed a $5 million Series A funding round at a valuation of $100 million, led by FTX Ventures, with participation from Peak Capital and Bcharu.

It is reported that VerifyVASP was established in 2019 and is headquartered in Singapore. The company provides a member-only closed network that facilitates secure data transmission among members to comply with regulatory rules. According to information on its website, its members include Bybit, Deribit, Crypto.com, FTX, FTX.US, and Huobi. (Source link)