The decentralized reputation scoring platform Finxeed announced the signing of a memorandum of understanding (MoU) with DBank Group, and DBank plans to provide it with a strategic investment of US$10 million. Finxeed will use the funds to create a trust network to enhance trust, transparency and security in Web3, especially in the DeFi field.

DeBank will also help Finxeed expand its product suite to improve better trusted community building, news and media sources, and on-chain transaction scoring and certification services. (Newsfile)