EthSign raises $12 million in stable coin

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EthSign raises $12 million in stable coin
10 Mar 2022
6 min read

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News Synopsis

Recently, EthSign has announced that it has raised $12 million in stable coin. This funding round was led by Sequoia Capital India and Mirana Ventures. In this fund raising round, Sequoia Capital (US) and Sequoia Capital China also participated. EthSign Other Companies such as Amber Group, Hack VC, Circle Ventures, and angel investors including Balaji Srinivasan (former CTO of Coinbase) and Sandeep Nailwal (cofounder of Polygon) have also invested in EthSign. EthSign was founded by Xin Yan, Potter li, and Jack Xu. EthSign builds tools for the execution of agreements and contracts. Its Co founder Li in his statement said: “Initially, we built EthSign as a decentralized Docusign for traditional and Web3 entities to conduct PDF agreements on the blockchain. But EthSign is set to catalyze the next era of agreement where the execution of terms can be trust-less and automated.” Currently, the first product of EthSign- EthSign Signatures has around 10,000 users. According to reports, the company is working on developing a new version of it that is speculated to be launched in the second half of the year.

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