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Fosun-backed Finloop Completes Multi-Million Dollar Series A Funding Round with Participation from Solana Foundation
BlockBeats News, July 31st, according to Finloop, a technology company under Fosun's Star Road Technology, recently completed a nearly multimillion-dollar Series A financing round, with investors including the Solana Foundation and other Web3 industry organizations.
This round of financing will be used to rapidly build and enhance the company's Web5 new business ecosystem - RWA (Real World Assets), enhance its comprehensive ability to integrate fiat currency, stablecoins, and digital assets, and provide financial institutions with a one-stop technology solution that connects the traditional financial and digital asset worlds.
According to the introduction, Star Road Technology's strategic concept is based on Web5, and its business model mainly supports B2B service platforms for all categories of financial products. It does so by supporting full-category products from Web2 (such as cash management, public funds, private funds, bonds, bills, insurance, etc.) and full-category products from Web3 (such as standard financial assets RWA, non-standard asset RWA, VATP, virtual asset ETF, overseas stablecoins, Hong Kong stablecoins, etc.) through a full set of end-to-end technological solutions and an AI operation platform. Web5, born from the integration of the two, not only continues the security and compliance of the essence of finance but also unleashes the infinite possibilities of the digital world.
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