Pantera Capital leads $22.5M investment in M^ZERO Labs for decentralized infrastructure
Summary
Berlin-based M^ZERO Labs, a company that seeks to build neutral infrastructure linking assets in the global financial system with decentralized applications, has raised $22.5 million in a financing round led by Pantera Capital. The capital will also be deployed to aid ongoing product development.M^ZERO shared that its objective is to equip accredited financial institutions that comply with their local regulations with advanced middleware for on-chain and open-source value transfer. The platform intends to connect global financial system assets with decentralized applications, offering participants enhanced capabilities.This fundraise will enable the team to develop an infrastructure that, we believe, will revolutionize how institutions allocate assets and exchange value, said Luca Prosperi, CEO of M^ZERO Labs. Shared on-chain governance and settlement will seamlessly interact with best-practice asset onboarding in a regulatory-friendly setup.It will be an open-source, credibly neutral protocol where providers of liquidity and collateral can freely meet in a decentralized market on blockchain rails, Pantera Capitals Paul Veradittakit said.Related: Bitcoin is already in its next bull market cycle Pantera CapitalPantera is one of the crypto industrys earliest investment funds. In 2022, Pantera CEO and founder Dan Morehead announced plans to raise $1.25 billion for a second blockchain fund.