Swiss blockchain firm Concordium raises $15 million in private token sale

Swiss privacy-focused blockchain firm Concordium conducted a private token sale worth $15 million.

Yay! We have completed our MVP Testnet and a private sale round! Discover how, when and why?https://t.co/3B6jU3Hrzk

— Concordium (@ConcordiumNet) March 9, 2021

According to the press release, successful MVP testing (minimum viable product) enabled Concordium to release its own RustLang-based smart contracts.

«Concordium has generated strong demand from DeFi projects seeking to build a protocol-level identity blockchain,» said the company’s CEO Loun Fons Schröder.

In late February, Concordium announced a partnership with automaker Geely Group to create blockchain services. The company is preparing to launch its mainnet in the second quarter of 2021.

In February 2021, the DeFi protocol Balancer raised $5 million through a token sale. Earlier, the startup CasperLabs conducted a private token sale for $14 million.

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