A blockchain focused startup —Chainalysis, has recently received an additional $6 million in Series B round funding from the largest bank in Japan, Mitsubishi UFJ Financial Group (MUFG) and Sozo.
The Investment Was Made Through MUFG Innovation Partners.
The bank made this investment through its venture capital unit, MUFG Innovation Partners.
Chainalysis made sure to note that the bank is not the only one which invested in the funding round. A notable mention is a Tokyo-based investment firm—Sozo Ventures.
This investment round brings the total amount of money invested in the startup to $36 million.
The startup reportedly raised a total of $30 million in February this year. Venture capital firm Accel Partners led the funding round then.
In its Series A funding stage, the firm was able to raise $16 million in Series A investment from Benchmark Capital. It was after this, it launched a cryptocurrency compliance tool, known as the Chainalysis KYT (for “know your transaction”). The KYT tool is said to provide real-time…