QANplatforma startup developing a hybrid blockchain compatible with Ethereum and presented as resistant at quantum systemshas just collected 15 million dollars from Qatar MBK Holding.
This Tuesday, QANplatform has revealed that it has received a $15 million investment from MBK Holdinga Doha-based venture capital company chaired by Sheikh Mansoor Bin Khalifa Al-Thani, a member of the famous Qatari princely family.
Founded in 2019 in Tallin, Estonia, QANplatform designs a network blockchain hybrid – i.e. public and private – and compatible with the Ethereum Virtual Machine (EVM).
According to the announcement, QANplatform is based on the Post-Quantum Cryptography Standardization program of the US National Institute of Standards and Technology (NIST).
QANplatform can lead the next wave of blockchain platforms with its remarkable features, including multilingual smart contracts and quantum-resistant security,” commented Sheikh Mansoor Bin Khalifa Al-Thani.
MBK Holding also plans to provide services to accelerate the growth of blockchain, whose private network was launched last September. The testnet for the public network is due to go online shortly.
QANplatform had previously raised $2.8 million, according to data provided by Crunchbase.
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