Financial data technology developer Fedi has completed a $17 million Series A funding round, led by Ego Death Capital

2023-05-04 09:06:46

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ChainCatcher news, financial and data technology developer Fedi has completed a $17 million Series A funding round, led by Ego Death Capital, with participation from Block's Bitcoin subsidiary TBD, Kingsway, Trammell Venture Partners, and Timechain. Fedi will pre-release an Alpha version for developers later this month.

According to RootData data, Fedi completed a $4.2 million seed funding round in July last year, during which Fedi was developing the Fedi wallet mobile application based on the Bitcoin custody protocol Fedimint. The primary goal is to overcome the three biggest barriers to Bitcoin adoption today: lack of secure custody, privacy, and scalability, all of which are addressed by the open-source Fedimint Bitcoin custody protocol. (Source link)

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