Hanwha is investing $ 3 million in a crypto startup

The important South Korean conglomerate Hanwha Group consolidates its Participation in the crypto industry with a new investment.

Hanwha Investment Securities, a trading subsidiary of the Hanwha Group, participated in a 4 billion won ($ 3.3 million) round of financing at crypto company CrossAngle.

Xangle specializes in collecting corporate information for crypto

With the announcement of the news on July 16 CrossAngle The investment in the A2 series should enable the company Development of an infrastructure for the internalization of crypto data services. CrossAngle was founded in Singapore and builds Xangle, A public broadcasting service for cryptocurrencies that focuses on providing transparent data for cryptocurrencies like Bitcoin (BTC).

Hanwha is investing $ 3 million in a crypto startup
Hanwha is investing $ 3 million in a crypto startup

To provide its information dissemination service, Xangle collects, reviews, and integrates corporate information from global projects and companies that have spent crypto assets. The platform provides the public with access to off-chain corporate publications, as well as on-chain metrics and analysis.

More than 800 cryptocurrencies are listed on Xangle

According to the announcement, Xangle’s global partner network so far comprises more than 60 exchangeswith countries like South Korea, Japan, China, Southeast Asia, Russia, USAas well as European jurisdictions. The company claims to provide publicly available broadcast data for more than 800 crypto assets.

Xangel's disclosure information for Bitcoin. Source: Xangle

The Xangle information for Bitcoin. Source: Xangle

James Junwoo Kim, CSO and co-founder of CrossAngle, said the new funding will help Xangle perform “Important contributions to the further development of the industry and the expansion of the boundaries of the entire industry.”

Hanwha Investment Securities It is a subsidiary of the Hanwha Group, one of the largest conglomerates in South Korea, along with companies such as Samsung, Hyundai, LG and the SK Group.

The investment takes place in the middle of Hanwha Investment Securities and increases your digital experience. Earlier this year, the company participated in a $ 31 million Series A financing round at blockchain startup Lightnet.

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