Kinetex Secures Funding to Build Future of Cross-Chain Trading On Gnosis Chain
GIBRALTAR, Nov. 15, 2023 /PRNewswire/ -- Kinetex, a trailblazing decentralized platform that enables highly efficient cross-chain trading, announced the successful close of its strategic funding round. Taking the lead are Factor and Gnosis Chain, a community-led EVM Layer-1 blockchain. This partnership empowers Kinetex to refine its groundbreaking trading approach to transferring liquidity between networks that eliminates the need to store assets in pools and leverages zero-knowledge (ZK) technology to achieve validation without relying on third parties.
- Kinetex's Strategic Funding Round is led by Factor and Gnosis Chain, a community-owned EVM (Ethereum Virtual Machine) Layer-1 blockchain prioritizing credible neutrality.
- GIBRALTAR, Nov. 15, 2023 /PRNewswire/ -- Kinetex , a trailblazing decentralized platform that enables highly efficient cross-chain trading, announced the successful close of its strategic funding round.
- "With the support of Gnosis Chain and Factor, Kinetex is poised to redefine DeFi," says Tigran Bolshoi, Co-Founder of Kinetex.
- Kinetex is in the final stages of testing the Flash Trade mode, before launching on Gnosis Chain by the end of the year.