- Scallop is set to close its first investment round of $2.5 million
- Blackedge Capital led the funding round.
- Also, Blackedge Capital added Scallop to its portfolio of prominent blockchain startups
The world’s first regulated DeFi Neo-banking app, Scallop, is coming closer to wrapping up its seed funding round. The project has raised $2.5M from notable institutions and angel investors.
The round was led by Blackedge Capital and included new investors as well as early backers of the business. Not just this but Blackedge Capital also added Scallop to its list of successful blockchain startups.
The funding round saw an attendance of various high-profile investors. These included X21 Capital, Bitcoin.com, Magnus Capital, Amesten Capital, Marketcross, ZBS Capital, Solidity ventures, J8 ventures, and MahaDAO.
Scallop will leverage the ARTH token and work towards creating the first inflation-proof bank a…