Cion Digital, A developer of a blockchain-based enterprise orchestration SaaS platform announced on Jan. 4 that it had completed its final seed funding round of $ 12 million. The round was overseen by Green Visor Capital and 645 Ventures, who have since joined Cion Digital’s board of directors. Cota Capital, Epic Ventures, Hourglass Capital Partners, BAT Ventures, Greycroft and Ulu Ventures also attended.
After the pickup, the company said that It intends to raise capital for its new development and resource center in Pune, India, to further expand the project’s payments infrastructure.
There, the team hopes to introduce new methods of introducing cryptocurrencies for traditional financial services as part of its current orchestration platform. In addition, these funds will be used to drive new standards for interoperability.
According to Snehal Fulzele, co-founder of Cion Digital, Your business model will consist of a fixed monthly fee for the platform, in addition to a transaction fee that increases with the number of digital assets processed.
Cion Digital hopes to take advantage of these advanced features to reach a wider and more diverse customer base. These advanced features include a FinTech loan protocol that gives customers an easy way to invest in cryptocurrencies, as well as the ability to take out fiat loans with crypto as collateral, and a cryptocurrency trading protocol, a crypto funding plan for younger consumers .