Pieverse Completes US$7 Million Strategic Funding Round Led by Animoca Brands and UOB Ventures

Odaily Planet Daily News: Web3 payment and compliance infrastructure startup Pieverse announced the completion of a US$7 million strategic financing round led by Animoca Brands and UOB Ventures, with participation from 10K Ventures, Signum Capital, Morningstar Ventures, Serafund, Undefined Labs and Sonic Foundation.

Pieverse stated that this round of funding will be used to strengthen its compliant payment infrastructure, advance the development of verifiable on-chain financial instruments, and enhance the transparency and compliance of Web3 payments. Backed by Binance MVB Season 9, the company aims to standardize on-chain verifiable invoices, receipts, and bills through smart contract compatibility with multiple chains, thereby making blockchain payments auditable and regulatory-friendly.

Colin Ho, co-founder and CEO of Pieverse, stated that Pieverse aims to bring on-chain transactions to the same level of clarity and compliance standards as traditional finance. This funding will help expand enterprise-level compliance capabilities, build a global team, and accelerate multi-chain integration. (Chainwire)