Astra Protocol raises $ 9 million through private sales to enable decentralized compliance for the DeFi ecosystem

Press release

Astra Protocol is proud to announce that they have raised $ 9 million through their token procurement. In addition, leading investment groups and individuals have supported the project and confirmed the need for decentralized compliance in the decentralized financial industry.

It’s fast with Astra and its globally patented protocol. This initiative focuses on equipping DeFi Smart Contracts with a fully decentralized compliance layer. This layer offers both know-customer and anti-money laundering functions. In addition, the compliance layer can serve as a tool to solve all real compliance problems with the help of various well-known law firms.

The constant growth of decentralized funding shows the need to adhere to strict rules defined by society. Most protocols on the market today do not offer this functionality, but changes will be inevitable. Without a compliance layer, developers and users could lose control of the ecosystem.

In addition, the current technological landscape enables the settlement and settlement of any disputes that may arise. Therefore, a dispute settlement system in the chain is very important, especially for decentralized financing and the high risks that this system can bring. The Astra Protocol provides legal security, framework, dispute resolution and regulatory compliance for lending and borrowing, derivatives, stablecoins, wealth management, decentralized insurance and other assets.

The token increase for the Astra protocol ended recently and grossed $ 9 million for the team to continue building and expanding its compliance tier. Notable investors in the project include Republic, DAOMaker, Basic Labs, Faculty, Richard Dai, and Wave GP Cardano.

Jonathan Han, Partner at Republic, commented:

“We believe the Astra solution is an important part of an important movement for DeFi to go mainstream. We look forward to supporting the Astra team, which is working hard to take advantage of DeFi for more people and organizations. “

Arthur Ali, co-founder of the Astra Protocol, commented:

“We are very excited to announce the end of our token rally and are proud to announce the strong support from leading investment groups and individuals such as Republic, DAOMaker, Richard Dai, Basic Laboratory and institutional support. We firmly believe that ASTRA is the key to DeFi’s future. It will enable us to pave the way for the next growth in the industry, enable more compliance practices in more countries, and ensure greater involvement of large traditional organizations. Our globally patented technology will enable DeFi to continue to grow seamlessly while building more trust from regulators without compromising decentralization. ”

Astra Protocol also has globally recognized partnerships with the world’s leading law and accounting firms, with further announcements to come.

Introduction to the Astra protocol

Our mission is to provide all DeFi smart contracts with a fully decentralized compliance layer, including KYC and AML capabilities, to act as a tool for solving compliance problems in the real world with the expertise of trusted law firms.