Shyft Network Wraps Token Sale Ahead of FATF ‘Travel Rule’ Implementation
Summary
Shyft Network completed a token sale that raised more than $6 million from investors including Bitfury, CoinFund, BlockTower, and GSR. The company positions its platform as a compliance layer for crypto businesses that need to meet anti-money laundering and travel rule requirements. It plans to go live later this month and aims to help virtual asset service providers discover each other and share required data. The company also wants to adapt decentralized finance tools for institutional use.
Funding
Amount
$6.0M
Total raised
Date
March 10, 2021
Announcement date
Investors
Binance, BlockTower Capital, Huobi Eco, Bitfinex, Ethereum, BitFury Group, Coinfund
Lead investors
Company
shyft.network
Funded company
Classifications
industries
Fintech & Banking
applications
Business Intelligence
AskAI Classifications
Labels
Blockchain Infrastructure
Developer Tools
Compliance Software
Linked Companies
Shyft Network Inc.
$1M to $5M