Yuanbi Technology Completes $7.8 Million A1 Round of Financing, Connecting the Web2 and Web3 Worlds

According to ChainCatcher, Yuanbi Technology recently announced the completion of a $7.8 million A1 round of financing, with investors including Sequoia China, Hivemind Capital, Aptos Lab and other well-known companies. This financing will help Yuanbi Technology further connect the Web2 and Web3 worlds and contribute to the construction of Hong Kong's Web3 ecosystem.

In addition, Yuanbi Technology's subsidiary Yuanbi Innovation Technology Co., Ltd. has been included in the Hong Kong Monetary Authority's Stablecoin Issuer Sandbox Program, and another subsidiary Yuanbi Wallet Technology Co., Ltd. has also obtained a stored value payment facility (SVF) license and will officially operate at the end of 2023.

This financing is another important progress of Yuanbi Technology since its seed round of financing in 2020, showing its continued development potential in the blockchain field.