Blockchain
Blockchain Security Company Salus Security’s Seed Round Led by Binance Labs, Building Security for Web3 Together
Singapore–(Newsfile Corp. – September 20, 2022) – Salus Security announced the completion of its seed funding round, led by Binance Labs. Geekcartel also participated in this round. Salus Security will use the funds raised to expand its team and drive the technological development of its products.
Salus Security is an all-rounded blockchain security company, providing services such as automated smart contract audits and manual vulnerability detection. The team is experienced in both traditional and blockchain security, and aims to make security services accessible for all.
Yi He, Co-Founder of Binance and Head of Binance Labs, said, “At Binance, security has always been a priority and we’re on the continued lookout for service projects that offer innovative security solutions to resolve pain points currently facing the blockchain ecosystem. The technological competitiveness of Salus Security will drive the quality of security solutions in the Web3 sector.”
Backed by its machine learning technology, Salus Security is able to verify the smart contracts’ business logic with as little friction and effort as possible. It can also automatically conduct a thorough examination of the smart contracts’ codes and data repository to make blockchain security simpler and more efficient. The core products of Salus Security include but are not limited to:
- Automated smart contract vulnerability detection that supports multi-engine formal verification, symbolic execution, hybrid fuzzing, and more.
- Smart contract audits that help detect security issues such as denial-of-service (DoS) attack oversight, functionality duplication, rounding errors, and more.
- Customized security services that include on-demand consulting, comprehensive penetration testing, and on-chain asset tracking.
Mirror T., Co-Founder of Salus Security, said, “We aim to help our users eliminate their concerns about blockchain security threats, and provide them with a series of services to protect their data privacy and crypto assets. We are constantly innovating and see it as our mission to establish new standards for the blockchain security industry.”
“While Web3 is shaping up to be a more decentralized and independent Web, this emerging sector still faces notable blockchain security challenges. Salus Security has made a step towards resolving these issues by leveraging their expertise in blockchain technology and machine learning. We’re excited about this partnership and look forward to working with the Salus Security team to bring more blockchain security solutions to users, and provide more guardrails for the Web3 industry,” Danny F., Investment Director at Binance Labs, commented.
For more information, follow Salus Security on Twitter
Salus Security
https://salusec.io/
Binance Labs
https://labs.binance.com/
Geekcartel
https://www.geekcartel.org/
Contact:
Grace Chen
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137778
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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