Kirobo Secured Strategic Investment from Solana LATAM Fund

Kirobo, a Tel Aviv-based crypto startup, has announced that it has secured a strategic investment from the Solana LATAM fund, a regional investment arm of the Solana Foundation and the issuer and manager of the BRZ stablecoin. 

The investment is a major step for Kirobo, which is completing its latest funding round. It connects the company to an extensive network of new potential partners and investors, and more specifically, gives it a valuable key to the LATAM region.

"Solana is one the world's foremost blockchain companies, so receiving a strategic investment from them is yet another signal that we're moving in the right direction," said Asaf Naim, co-founder and CEO of Kirobo.

Carlos Russo, CFO of BRZ and manager of the BRZ Solana Fund, said: "Adding KIRO to our portfolio was a strategic move because we are supporting the future development of Kirobo's solution in the Solana Ecosystem."

In addition, crypto exchange MEXC Global (formerly MXC) also listed Kirobo's native utility token, KIRO. This is the second centralized exchange to list the utility token. KIRO is the utility token of the Kirobo network, powering its decentralized services by triggering smart contract activations via the network community. The token now trades on several decentralized exchanges and two centralized venues, and the Kirobo team intends further CEX listings over the coming months.

"MEXC Global is a highly-respected and popular exchange. We expect the word KIRO to become synonymous with DeFi services as the years progress, and listings like this will only help our network grow," Naim added.

​Fazzaco recently reported Kirobo launched the on-chain crypto wallet and DeFi infrastructure Liquid Vault​, which will be the access point of decentralized finance (DeFi) ecosystems with its decentralized and non-custodial services.