US Blockchain Startup Alphaledger Secures $9.5 Million in Funding for Lending Expansion

IconCryptoNewsTerminal Staff23 May, 2024

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US Blockchain Startup Alphaledger Secures $9.5 Million in Funding for Lending Expansion

Alphaledger, a prominent blockchain startup based in the United States, has successfully raised $9.5 million in a Series A funding round led by EJF Capital, a renowned US asset manager. This substantial investment will fuel Alphaledger's ambitious plans to expand its product portfolio and enhance its lending capabilities. With this funding, Alphaledger aims to launch a wider range of lending products, catering to diverse market needs. The company's strategic focus on expanding its reach will enable it to capitalize on the growing demand for blockchain-powered financial solutions. The additional funding will also support Alphaledger's research and development initiatives, driving innovation and strengthening its competitive edge in the rapidly evolving blockchain landscape.

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