Lumia Announces Strategic Fundraising Round as Node Sales Tops 25,000

Twitter icon  •  Published 4 months ago on August 15, 2024  •  Hassan Maishera

Lumia has announced a strategic funding round led by Laser Digital as its node sales surpass the 25,000 milestone.

Lumia Announces Strategic Fundraising Round as Node Sales Tops 25,000

Lumia has announced the details of their strategic fundraising round, coinciding with the milestone achievement of surpassing 25,000 nodes sold.

In a press release shared with Cryptowisser, Lumia revealed that this strategic round was led by Nomura’s digital asset arm, Laser Digital, with notable participation from prominent investors including DWF Labs, TRGC, and others. These participants have shown their strong belief in Lumia’s vision by investing in tokens, nodes, or both.

The funds raised from this strategic round will help Lumia’s continued growth and innovation as it develops its groundbreaking Layer 2 solution and liquidity infrastructure that seamlessly brings Real-World Assets (RWAs) to DeFi. 

While commenting on this latest development, Kal Ali, Core Contributor, Lumia Foundation, said,

"Lumia is proud to unveil some of the participants in our strategic fundraising round and the progress of our record-breaking node sale. Our partners were carefully chosen as pioneers in the Web3 space and beyond, to join forces with Lumia and aim to successfully merge the upcoming several trillion dollar RWA market to DeFi. A big thank you to our partners and the node owners that will serve as the backbone of our decentralized network."

Jez Mohideen, CEO, Laser Digital aded that,

“We are thrilled to be a part of Lumia’s latest investment round and to be supporting them in their journey to become a pioneering force in the space of RWA and liquidity provision.”

Andrei Grachev, Managing Partner also commented that,

"We are thrilled to support Lumia in this pivotal fundraising round as they continue to revolutionize the DeFi landscape. Lumia's innovative Layer 2 solution and liquidity infrastructure are poised to transform how Real-World Assets are integrated into the blockchain ecosystem. Looking forward to Lumia's growth and solidifying its position as a leader in the industry, bringing unprecedented features that enhance the utility and integration of RWAs."

The head of TRGC, Etiënne Vantkruys, said,

"Working with the Lumia team has TRGC very excited for what the future holds as we look forward to our continued collaboration."

Lumia is at the forefront of blockchain innovation, developing cutting-edge solutions that bridge the gap between the digital and physical worlds. Lumia is committed to creating a more efficient, secure, and scalable blockchain ecosystem for real-world adoption.

Meanwhile, Laser Digital is a full-service digital asset firm specializing in trading, asset management, solutions, and early-stage investing. Nomura established Laser Digital to provide new value in digital assets to its clients, bridging traditional and crypto markets. We are positioned uniquely in the market, combining years of traditional and crypto-native experience.

 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.