Kinto Raises $5M for KYC'ed Layer 2 Blockchain Supporting Financial Institutions and Decentralized Protocols

Kinto, a blockchain provider based in Orlando, FL, has raised $5M in funding from two rounds. The pre-seed round, led by Kyber Capital Crypto, contributed $1.5M. The second round, led by Kyber Capital Crypto, Spartan Group, and Parafi, raised $3.5M. The funds will be used for team expansion and network development. Kinto is a KYC’ed Layer 2 blockchain that supports both traditional finance and DeFi, offering low-cost, secure, and insured apps with encrypted personal information.

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