Kinto Raises $5M to Build KYC-Compliant Ethereum Layer-2 Network for Traditional Finance
- Kinto blockchain startup raises $5M to develop KYC-compliant Ethereum layer-2 network
- Built using OP Stack tools to easily create customized layer-2 networks
- First layer-2 network with native KYC checks to onboard regulated institutions
- Aims to connect traditional finance to DeFi while preventing scams
- Investors include Kyber Capital Crypto, Spartan Group, Parafi, and others