According to WuSaid, crypto infrastructure provider Anoma Foundation is in talks to raise $40 million in new funding at a $1 billion valuation, according to Bloomberg.
Negotiations are ongoing and terms could change, according to people familiar with the matter.
The Anoma Foundation manages the Namada blockchain and provides privacy-focused decentralized application software.
Anoma raised $25 million last year in a funding round led by CMCC Global.