Congratulations to FTC portfolio company Oxio, which just raised $40m in a Series B funding round that was led by ParaFi Capital. Oxio is a telecom-as-a-service (TAAS) platform that turns mobile data into blockchain-based digital assets. The company offers a white-label product that allows any brand to launch a mobile service and serve as a mobile operator for end users or companies.
“The best way to think about the role of the blockchain is around a wireless data token, so harnessing wireless as an asset class,” Girard previously told CoinDesk. “You’ve never traded wireless because there’s no instrument to address it,” he added.