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Lightnet Group raises $50m in Series B funding

Singapore based blockchain cross-border payments company raised $50m in Series B funding led by LDA Capital.

Singapore-based Lightnet said it will use the funds to boost Web3 and cross-border payments through the Velo protocol and expand the protocol's technology. The firm has the option to increase the total commitment to up to $100 million over the next three years.

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blockchain, singapore