Kirobo Receives Investment from Solana LATAM Fund

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Tel Aviv-based crypto startup, Kirobo has secured a strategic investment from the Solana LATAM fund, which is a regional investment arm of the Solana Foundation and the issuer and manager of the BRZ stablecoin, Finance Magnates learned exclusively.

“Solana is one the world’s foremost
 
 blockchain 
companies, so receiving a strategic investment from them is yet another signal that we’re moving in the right direction,” said Asaf Naim, co-founder and CEO of Kirobo.

This came after the startup received $5 million in funding last May from DigiCrypts Blockchain Solutions (DigiMax), a provider of Artificial Intelligence and crypto technology solutions.

Though the sum of the latest investment has not been disclosed, it is crucial as it connects the company to a network of new potential partners and investors, especially in the LATAM region. Moreover, ties with the Solana Foundation will also help the future prospects of the project.

Carlos Russo, CFO of BRZ and manager of the BRZ Solana Fund, said: “Adding KIRO to our portfolio was a strategic move because we are supporting the future development of Kirobo’s solution in the Solana Ecosystem.”

Native Token Listing

Additionally, crypto
 
 exchange 
MEXC Global (formerly MXC) also listed Kirobo’s native utility token, KIRO, giving it more exposure to investors. This is the second centralized exchange to list the utility token, along with several other decentralized venues.

“MEXC Global is a highly-respected and popular exchange. We expect the word KIRO to become synonymous with DeFi services as the years progress, and listings like this will only help our network grow,” Naim added.

The Israeli startup further highlighted that it will continue its efforts to list its utility token on other exchanges in the coming months.
Meanwhile, Kirobo continued to make developments with its blockchain product. Most recently, it launched an on-chain crypto wallet that can be integrated with decentralized finance (DeFi) services, thus further taking the project closure to the DeFi ecosystem.

Tel Aviv-based crypto startup, Kirobo has secured a strategic investment from the Solana LATAM fund, which is a regional investment arm of the Solana Foundation and the issuer and manager of the BRZ stablecoin, Finance Magnates learned exclusively.

“Solana is one the world’s foremost
 
 blockchain 
companies, so receiving a strategic investment from them is yet another signal that we’re moving in the right direction,” said Asaf Naim, co-founder and CEO of Kirobo.

This came after the startup received $5 million in funding last May from DigiCrypts Blockchain Solutions (DigiMax), a provider of Artificial Intelligence and crypto technology solutions.

Though the sum of the latest investment has not been disclosed, it is crucial as it connects the company to a network of new potential partners and investors, especially in the LATAM region. Moreover, ties with the Solana Foundation will also help the future prospects of the project.

Carlos Russo, CFO of BRZ and manager of the BRZ Solana Fund, said: “Adding KIRO to our portfolio was a strategic move because we are supporting the future development of Kirobo’s solution in the Solana Ecosystem.”

Native Token Listing

Additionally, crypto
 
 exchange 
MEXC Global (formerly MXC) also listed Kirobo’s native utility token, KIRO, giving it more exposure to investors. This is the second centralized exchange to list the utility token, along with several other decentralized venues.

“MEXC Global is a highly-respected and popular exchange. We expect the word KIRO to become synonymous with DeFi services as the years progress, and listings like this will only help our network grow,” Naim added.

The Israeli startup further highlighted that it will continue its efforts to list its utility token on other exchanges in the coming months.
Meanwhile, Kirobo continued to make developments with its blockchain product. Most recently, it launched an on-chain crypto wallet that can be integrated with decentralized finance (DeFi) services, thus further taking the project closure to the DeFi ecosystem.

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