Ethereum Privacy Network TEN Raises $9M in Funding Led by R3, Valued at $30M
- Obscuro Labs raised $9M over 3 tranches for its Ethereum Layer 2 network TEN ("The Encrypted Network")
- R3 led the latest $3M funding tranche, with other investors including Republic Crypto and KuCoin Labs
- Funding was via simple agreements for future equity (SAFE) and token warrants
- TEN focuses on encryption and privacy for DeFi apps
- The latest funding values TEN's token at $30 million
