Thai blockchain startup Lightnet completes $ 31.2 million in Series A funding

Lightnet, a Thai blockchain startup based on Stellar, has completed a $ 31.2 million Series A financing and will be committed to promoting the development of cross-border payments in Southeast Asian countries. This round of financing was jointly led by UOB Venture Management of Singapore, Seven Bank, Uni-President Asset Holdings, HashKey Capital, Hopeshine Ventures, Signum Capital, Du Capital, and Hanwha Investment and Securities of South Korea. The proceeds will be used to strengthen Lightnet's investment in Stellar Network's basic blockchain technology and build a next-generation financial mobile network.