Safeheron, which provides crypto security solutions, has raised $7 million in a pre-A funding round led by Yunqi Partners and Web3Vision, while cryptocurrency exchange BHEX.SG has received a standard payment institution licence from MAS to offer digital payment token (DPT) services in Singapore.
Crypto security app Safeheron raises $7m
Singapore-based Safeheron, an open source, one-stop self-custody solution for Web3 small and medium enterprises (SMEs), has raised $7 million in a pre-A funding round led by Yunqi Partners and Web3Vision.
Other investors who participated in the round include PrimeBlock Ventures, M77 Ventures, ShataCapital, Kryptos, Antalpha Ventures, Waterdrip Capital, and 7 O’CLOCK CAPITAL, as well as Misa Zhu, founder of augmented reality (AR) company AR Misa Zhu, and Fan Zhang, former co-founder of Sequoia Capital China.
Safeheron’s proprietary institutional-grade security model combines a multi-party computation (MPC) technology with a Trusted Execution Environment (TEE). The firm’s solutions lower the entry barrier for SMEs to adopt crypto custody security and therefore allows secure multi-party management of crypto assets.
Along with the funding, Safeheron also announced a partnership with MetaMask, a crypto wallet for DeFi, Web3 decentralised applications (DApps), and NFTs. The partnership integrates enterprise-grade multi-party computation (MPC) multi-signature solutions through devices and applications supporting MetaMask Snaps, MetaMask’s browser extension, MetaMask mobile, and the Keystone hardware wallet.
BHEX.SG gets standard payment institution licence from MAS
Singapore-based cryptocurrency exchange BHEX.SG announced on Friday that it has received the Standard Payment Institution licence from the Monetary Authority of Singapore (MAS). With this, the platform will be allowed to offer digital payment token (DPT) services to customers in Singapore.
Founded in 2018, BHEX.SG – which is operated by Bhop Consulting – provides crypto trading services that leverage technology to ensure compliance and reliability. So far, the platform has partnered with licensed global service providers to serve institutional investors, family offices accredited and high net worth investors.