Crypto News

Astra Protocol raises $ 9 million in private sales to bring decentralized compliance to the DeFi ecosystem

                                                            <strong>[PRESS RELEASE – Zürich, Switzerland, 22nd December 2021]</strong>

Astra Protocol is pleased to announce that it has secured $ 9 million through its token procurement. In addition, high-level investment groups and individuals have supported the project, confirming the need for decentralized compliance in the decentralized financial industry.

Astra and its globally patented protocol are making rapid progress. The initiative focuses on DeFi Equip smart contracts with a fully decentralized compliance layer. This layer offers both know-your-customer and anti-money laundering functions. In addition, the compliance layer can serve as a tool to solve all real life compliance problems with the help of various reputable law firms.

The continued growth of decentralized finance has shown the need to adhere to strict rules set by society. Most protocols on the market today do not offer this functionality, however change will be inevitable. Without a compliance layer, developers and users can lose control of the ecosystem.
In addition, the current technology landscape enables disputes that may arise to be overcome and settled.

Hence, having a dispute settlement system down the chain is vital, especially for decentralized funding and the high risks it can bring. The Astra Protocol provides legal security, framework, dispute resolution and regulatory compliance for lending and borrowing, derivatives, stablecoins, asset management, decentralized insurance and decentralized exchanges.

The recently completed Astra protocol token procurement earned the team $ 9 million to further expand and develop their compliance level. Notable investors in the project include Republic, DAOMaker, Fundamental Labs, Faculty, Richard Dai, and Wave GP Cardano.

Jonathan Han, Partner at Republic, comments:

“We believe the Astra solution is an important part of the crucial movement for DeFi to become mainstream. We look forward to supporting the Astra team, which is working hard to take advantage of DeFi for more people and organizations. “

Arthur Ali, co-founder of the Astra Protocol, comments:

“We are very excited to announce the completion of our token procurement and are proud to announce strong support from the senior investment groups and individuals such as: Republic, DAOMaker, Richard Dai, Fundamental Labs and Institutional Support.

We firmly believe that ASTRA is the key to DeFi’s future. It will enable us to develop the next growth path in the industry by enabling more lawful practices in multiple countries and ensuring continued involvement of large traditional institutions. Our globally patented technology will enable DeFi to seamlessly continue to grow while building regulatory confidence without compromising decentralization. “

Astra Protocol has secured additional globally recognized partnerships with the world’s leading law and accounting firms, with additional announcements to be released shortly.

Via the Astra protocol

Our mission is to equip all DeFi smart contracts with a fully decentralized compliance layer, including KYC and AML capabilities, to act as a tool for solving real-world compliance problems with the expertise of trusted law firms.

Source: Crypto News Deutsch

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