Alibaba's Fintech division invested in the blockchain-based developer of privacy-oriented

Startup QEDIT, developing privacy-oriented solutions for commercial blockchains, closed a $ 10 million round of financing for Series A, led by venture capital firm MizMaa Ventures.

https://t.co/J92bJY79B0

– QEDIT (@qeditzkp) May 7, 2019

Among the participants of the round are also Fintech division of Ant Financial, which is part of the conglomerate Alibaba, Meron Capital, Collider Ventures, Jovono, Target Global and RGAX.

QEDIT develops solutions based on evidence with zero disclosure compatible with closed commercial blockchains. It is noteworthy that Ant Financial intends to use the technology in its blockchain services.

Note that earlier QEDIT raised $ 3 million in a seed round and $ 1 million in grants.

Recall that in the summer of 2018, Ant Financial, following the results of the round of financing of Series C, raised $ 14 billion to develop blockchain solutions and soon launched a cross-border settlement service based on distributed registry technology.

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