Blockchain
HashQuark Closes Series A Funding Round, Led by Qiming Venture Partners
HashQuark, an Asian leading staking and blockchain infrastructure provider, has raised a Series A equity funding led by Qiming Venture Partners, a leading venture capital firm in China. The funding round was also joined by Fenbushi Capital, HashKey Capital, Hash Global, imToken Ventures, and SNZ. This move makes HashQuark one of the very few staking service companies to be able to raise a fund from a traditional venture capital firm. HashQuark is a subsidiary of HashKey Group, an international digital asset and blockchain technology firm.
Since the end of 2018, HashQuark has been developing its blockchain infrastructure business, creating value while safeguarding PoS blockchains by operating reliable nodes. Relying on its abundant industry resources and a professional technical team, HashQuark has become one of the world’s largest staking service providers. For reference, “staking” refers to the activity of supporting a PoS blockchain network by validating its transaction and receiving rewards in return.
Through its globally deployed infrastructure and its always-on staking service network, HashQuark offers secure, stable and convenient enterprise-grade staking services, running blockchain nodes for over 30 Proof-of-Stake (PoS) blockchains. According to StakingRewards.com, one of the world’s most credible PoS rating websites, HashQuark consistently ranks among the top three in terms of the number of networks served, product functionality, business footprint, product safety, and comprehensive capabilities.
In addition, HashQuark pioneered the concept of “Staking + ecosystem provider”, aiming at providing high-quality PoS-backed blockchain projects with industry resources and ecosystem value along with technology support. This move has earned strong support from many project foundations.
For example, HashQuark, as one of the earliest participants of the Web3 ecosystem, is a validator (staker) on the Polkadot network validator node list, and has helped the Web3 Foundation launch PolkaCube, a new product focused on enabling a better staking experience for validators and nominators of the Polkadot ecosystem. Its features include complete blockchain data display, guidance on optimal staking strategies, wallet and delegation management, and more. HashQuark’s PolkaCube won a grant from the Web3 Foundation.
HashQuark, in addition to its product development team, has a professional research team focusing on economic models and blockchain technology, which has produced dozens of influential technical articles and in-depth research reports, contributing to communities such as Ethereum, Polkadot, Filecoin, and Cosmos.
HashQuark has strategic partnerships with a number of world-leading blockchain teams, including imToken (a world-renowned decentralized blockchain wallet), Infinito Wallet (a well-known blockchain wallet in Vietnam), Block72 (a well-known blockchain consulting company in South Korea), LongHash (an accelerator platform), SlowMist Technology (a top cybersecurity team). HashQuark is providing high-quality services to the ecosystem businesses of HashKey Group.
Leo Li, CEO of HashQuark, said, “HashQuark started as a staking service provider with the focus on blockchain infrastructure construction, aiming to provide high-quality services to the digital financial world. The proceeds of the round will be used to strengthen our team and expand globally. This year is a critical time for the large-scale application of blockchain and digital finance. HashQuark will release innovative products to serve customers around Ethereum2.0, Polkadot, and PlatON and so forth. HashQuark will put digital financial world infrastructure as a core focus and launch other products successively.”
Qiming Venture Partners has been an active early-stage VC investor in sectors including information technology, enterprise services, among others. Qiming has good track record of investing in innovative startups which would later achieve unicorn status. Qiming’s investment in HashQuark, an IT infrastructure service provider in the blockchain industry, shows its interest in the emerging field.
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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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