Developers of the FIO Protocol raised $5.7 million

by in Cryptocurrency News

FIO Protocol Dapix

Denver-based startup Dapix Inc. announced the attraction of $5.7 million in the financing of Series A, led by the venture division of the Binance exchange. It was reported by CoinDesk.

Other investors were Blockwall Capital, NGC Ventures and LuneX Ventures.

Dapix is ​​developing a DPOS-based blockchain designed to become a bridge between cryptocurrency wallets, exchanges, and other applications. The ultimate goal of developers is to create a single standard recognized by all blockchain platforms for sending and receiving cryptocurrency payments.

Related: Binance CEO: More governments will adopt crypto in 2020

To date, 24 members have joined the Foundation for Interwallet Operability (FIO) Consortium, a nonprofit initiative, including Trust Wallet, ShapeShift KeepKey, Coinomi, MyCrypto, Mycelium, BRD, and Edge.

Currently, the participants of the FIO Consortium are testing the capabilities of the protocol, and its launch in the main network is scheduled for the first quarter of next year.