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DSRV Raises $12 Million in Series B Funding to Expand Blockchain Infrastructure
DSRV, a leading blockchain infrastructure firm, successfully closed the first phase of its Series B funding round, securing 16 billion Korean won (approximately $12 million). The company announced the news on the 23rd, highlighting participation from prominent domestic investment firms, including Intervest and NICE-SK Securities.
The funding will be pivotal as DSRV looks to scale its operations, strengthen its workforce, and explore new business opportunities. The company plans to bring on board blockchain development experts and financial specialists to support its ambitious growth strategy. In addition to bolstering their team, DSRV aims to diversify revenue streams by expanding into stablecoin and custody services. The firm also has its sights set on global markets, including the United States, Japan, and Africa, as areas for strategic expansion.
“We are immensely grateful for the trust and support of our investors, especially in such challenging market conditions,” said Jiyoon Kim, CEO of DSRV. “This investment will allow us to further enhance our technology and attract top talent, solidifying our position as a global leader in blockchain infrastructure.”
DSRV: A Top-Tier Blockchain Validator Serving Over 70 Networks
DSRV stands out as one of the world’s leading blockchain validation service providers. The company currently supports validator infrastructure for over 70 global blockchain networks while actively managing digital assets valued at 4 trillion Korean won (approximately $3 billion). This places DSRV among the top 10 blockchain validator companies globally in terms of operational scale.
In 2022, the company reported impressive financial growth, posting revenue of 10.7 billion Korean won (approximately $8 million) and a net profit of 3 billion Korean won ($2.2 million). In addition to its plans for an initial public offering (IPO), DSRV is dedicating resources to publishing in-depth blockchain research reports, aiming to contribute meaningfully to the development of the broader blockchain ecosystem.
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