Astra Protocol Secures a $9 Million Investment Round To Set Forth Decentralized Compliance in The DeFi Space.

We are pleased to announce that Astra has successfully closed $9 million in funding from crypto and DeFi heavyweights. The project has attracted considerable interest and as a result the investment round is oversubscribed by more than 9x, further confirming the need for decentralized compliance in the crypto space.

The funding round was backed by some of the biggest names in crypto like DAO Maker, Republic Crypto, Huobi Ventures, Richard Dai, LD Capital, Fundamental Labs, Faculty Capital, Shima Capital, Formless Capital, Delta Blockchain Fund, GDA Capital, Magic Fund, Wave Financial, Hyperedge Capital and Argo Blockchain. These are prominent investors and industry leaders who have contributed to the advancement of numerous projects and innovation across the space.

With this latest backing, Astra can rapidly move towards building and launching a legal assurance layer, enabling protocols to maintain compliance with regulations and safeguard investors.

The Astra Solution

The meteoric rise of decentralized finance demonstrates how crucial regulatory compliance is to attaining sustained growth. Most protocols score low points on the regulatory front, and yet they must find ways to adapt. Without a compliance layer, developers and users may lose control of the crypto ecosystem.

Astra is building a legal assurance layer for the entire crypto space. Thanks to Astra’s globally patented technology, DeFi protocols can easily avoid the numerous regulatory challenges facing the space.

Indeed, they can now comply with financial and data privacy regulations without sacrificing the tenets of decentralized finance. This is great news for investors, as you can confidently participate in DeFi with minimal risk to your crypto portfolio.

Astra is integrating a decentralized compliance layer into the current Web3 infrastructure. This move is aimed at equipping DeFi smart contracts with Know-Your-Customer and Anti-Money-Laundering capabilities. Moreover, the compliance layer can help resolve any real-world compliance issues with the help of the Astra Decentralized Legal Network (DLN).

The DeFi space is, to an extent, nascent — and this presents several risks for participants. More specifically, the current landscape is rife with numerous opportunities and as such, disputes regularly arise.

Astra’s on-chain dispute resolution system offers all-in-one legal assurance and framework, dispute resolution, and regulatory compliance for lending and borrowing, derivatives, stablecoins, asset management, decentralized insurance, and decentralized exchanges.

This groundbreaking legal framework, the first of its kind, will help foster the adoption of decentralized finance and breed more exposure for the Web3 ecosystem.

“We are extremely pleased to announce the closure of our token raise and proud to announce strong backing from the top tier investment groups and individuals such as; Republic, DAO Maker, Richard Dai, Fundamental Labs, and institutional backing. We firmly believe that ASTRA is key to the future of DeFi. It will allow us to unlock the next path of growth in the industry, allowing more compliant practices across multiple countries and ensuring further participation from major traditional institutions. Our globally patented technology will seamlessly allow DeFi to continue its growth whilst promoting greater confidence from regulators without compromising decentralization,” said Astra Protocol Co-founder Arthur Ali.

Even further, Astra has formed globally recognised partnerships with the world’s foremost legal and auditing firms, and these strategic alliances will be made public soon.

We would like to thank the crypto community, our esteemed investors and partners, and our dedicated team for backing and believing in Astra’s vision of a crypto space where absolute trust and regulatory compliance are easily attainable.

About Astra

Astra integrates trust and security into existing DeFi solutions through a decentralized compliance layer. Thanks to Astra’s globally patented technology, protocols can now comply with regulations without giving up decentralization while investors can participate in DeFi with minimal risk.

Ultimately, Astra will unlock the trillion-dollar potential of crypto through strict regulatory compliance for protocols and trust-enhanced protection for investors.

A Decentralized Compliance Layer for the Web3 Economy. 💪

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Astra Protocol

Astra’s mission is to provide a range of regulatory compliance tools for crypto applications and across the Web3 industry. www.astraprotocol.com