qed

According to Bloomberg, stablecoin payment company KAST has completed its latest round of financing, raising $80 million, which values the company at $600 million. The round was co-led by QED Investors and Left Lane Capital, and the funds will be used for expansion in North America, Latin America, and the Middle East, as well as for hiring, licensing applications, and product development.According to insiders, KAST expects its annual revenue run rate to rise to $100 million this year. This financing further confirms the trend of venture capital firms continuing to invest heavily in the digital dollar account space, with related startups attracting significant capital inflows.

ChainCatcher news, according to The Block, the Bitcoin scaling protocol QED has completed a $6 million seed round financing, with Blockchain Capital as the sole investor, achieving a valuation of "nine figures," or at least $100 million. Previously, QED had raised $3.25 million in a Pre-seed round from institutions such as Arrington Capital, StarkWare, and Draper Dragon, as well as $1.35 million in an angel round from institutions like Sparkle Ventures, supported by Animoca Brands.It is reported that QED Protocol focuses on zero-knowledge proof verification technology, aiming to enable decentralized exchanges, DeFi, and other applications on Bitcoin through the Taproot upgrade. Founder Carter Feldman stated that QED Protocol can process over 150,000 transactions per second and plans to launch a testnet in the next 3-4 months, with the mainnet going live after community consensus is reached, along with the launch of a native token to incentivize the operation of high-performance infrastructure. QED is headquartered in Hong Kong, has over 30 full-time employees in the Greater Bay Area, and plans to open its first office in Texas, USA.

ChainCatcher news, the ZK native blockchain protocol QED has announced the completion of a $3 million financing round, led by Arrington Capital, with participation from several renowned venture capital firms and companies including Starkware, Draper Dragon, Blockchain Builders Fund, Lbk Labs, Paper Ventures, Valhalla Capital, Edessa Capital, and Anagram Ltd. QED aims to revolutionize Bitcoin by combining the scalability of zero-knowledge (ZK) proofs with the liquidity and security of Bitcoin (BTC).It is reported that QED aims to address many of the shortcomings currently faced by Web3, including the challenges of building on blockchain, scalability issues, and poor user experience. As the world's first horizontally scalable blockchain, it benefits from more network nodes to increase throughput and allows any Web2 developer to write QED smart contracts using popular programming languages like Javascript and Python.

ChainCatcher news, according to Bloomberg, venture capital firm QED Investors announced that its two funds have completed fundraising of $925 million, with one early-stage fund raising $650 million and another early-growth fund raising $275 million. The new funds will support QED's continued investments in the global payments, lending, and cryptocurrency sectors.According to the crypto data platform RootData, QED has supported fintech companies such as Credit Karma, Klarna, Nubank, and Remitly, and its crypto investment portfolio includes crypto finance company Meow, blockchain development platform QuickNode, and fintech payment company Tribal Credit, among others. (source link)