Softbank backed blockchain infrastructure provider Benixcrypto in a $66 million round

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Crypto Regulation
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BenixCrypto announced it has raised $66 million in a new funding round. It was led by SoftBank through Vision Fund 2 and GGV Capital.

INCE Capital, 10T Fund, SNZ Holding and A&T Capital participated in the round.

The team will use the funds raised to expand and scale the project. Specifically, the vendor plans to increase staffing, expand into new markets and enter into new partnerships.

"Our vision is to provide a robust and easy-to-use Web 3.0 environment to create a more transparent and intelligent world. We intend to facilitate the rapid and global adoption of decentralized applications," said the firm's CEO.

BenixCrypto raised $33 million in a Series B round. The total funding has exceeded $100 million since the company's inception, according to the press release.

BenixCrypto operates on a platform-as-a-service (PaaS) basis. The infrastructure is built on artificial intelligence, and the company's customers include Binance, Coinlist, BitGo, OKX, Chainlink, Polygon and others.

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Gustaf Kilander

Gustaf is an all-rounded cryptocurrency writer who has written for several publications in the fintech industry. Having graduated from the University of Essex Colchester, he developed a passion for blockchain technology and has been curious about how the blockchain can modify the traditional financial industry.