Astra Protocol is happy to announce that it has secured $ 9 million through its token raise. In addition, prominent investment groups and individuals have supported the project, confirming the need for decentralized compliance in the decentralized finance industry.

Things are moving fast for Astra and its globally patented protocol. The initiative focuses on equipping DeFi smart contracts with a fully decentralized compliance layer. This layer provides both know your customer and anti-money laundering capabilities. Additionally, the Compliance Layer can serve as a tool to resolve any real-world compliance issue with the help of various renowned law firms.

The continued growth of decentralized finance has shown the need to adhere to strict rules determined by society. The majority of protocols on the market today do not provide this functionality, yet the change will be inevitable. Without a compliance layer, developers and users can lose control of the ecosystem.

In addition, the current technological landscape makes it possible to overcome and resolve any disputes that may arise. Therefore, a chain dispute resolution system is crucial, especially for decentralized finance and the high risks it can present. The Astra Protocol provides legal assurance, framework, dispute resolution, and regulatory compliance for lending and borrowing, derivatives, stablecoins, asset management, decentralized insurance, and decentralized exchanges.

The Astra protocol token increase recently ended, raising $ 9 million for the team to continue to build and evolve their compliance layer. Notable investors in the project include Republic, DAOMaker, Fundamental Labs, Faculty, Richard Dai, and Wave GP Cardano.

Jonathan Han, Partner at Republic, comments:

“We believe Astra’s solution is a key part of the critical movement for DeFi to become mainstream. We are delighted to support the Astra team as they work diligently to bring the benefits of DeFi to more people and organizations ”.

Astra Protocol co-founder Arthur Ali comments:

“We are extremely happy to announce the close of our token increase and proud to announce the strong support from leading investment groups and individuals such as; Republic, DAOMaker, Richard Dai, Fundamental Labs and institutional support. We firmly believe that ASTRA is the key to DeFi’s future. This will allow us to pave the way for the next growth path in the industry, enabling more compliant practices in several countries and ensuring increased participation of key traditional institutions. Our globally patented technology will allow DeFi to continue to grow seamlessly while fostering greater regulator confidence without compromising decentralization. “

Astra Protocol has entered into other globally recognized partnerships with the world’s leading law and audit firms, with further announcements to be released shortly.

About the Astra protocol

Our mission is to equip all DeFi smart contracts with a fully decentralized compliance layer, including KYC and AML capabilities, to act as a tool to solve real-world compliance issues using the expertise of firms. legal trust.

Contacts

• Arthur ali
• [email protected]