HODL Assets is moving forward in its efforts to secure a Series A funding round to fuel expansion of its operations.
The company has now raised more than $70 million.
The company recently launched a credit card that pays rewards in bitcoin rather than cash.
Nearly 35,000 people submitted applications to purchase 6,000 virtual plots.
The company plans to expand its operations n Chile, Colombia, Ecuador, Peru and Uruguay by the end of 2022.
The Australian company, founded in 2018, has developed a blockchain-based, virtual horse-racing game, called Zed Run.
The company has been meeting prospective investors and is working with an adviser on the round, Bloomberg reported.
Buenbit plans to expand in Peru, Colombia and either Brazil or Mexico.
The Series A round led by Element Ventures included DRW Venture Capital and Susquehanna Private Equity Investments.
Solrise said the capital will be used to make the DeFi ecosystem more accessible to wider investor audiences.
The seed round was led by investment firm LD Capital, and included AU21, DFG, FBG and OKEx Blockdream Ventures.
With auctions to win a place building on the Polkadot blockchain ecosystem beginning soon, projects are coming out with strategies to secure one of the coveted slots.
The round was led by Greenspring Associates and included Goldman Sachs.
The firm spent three years trying to develop credit scoring for crypto users, but realized that data collection on DeFi protocols fell short.
The $170 million funding round highlights the explosive growth of crypto as an asset class – and the potential of the European market.