Leading Blockchain as a Service (BaaS) platform, Stratis Protocol has received investment from regulated digital asset investment fund Alphabit. An initial investment has been already injected with a further commitment of 8 figure investment over the next 24 months. The investment comes in an effort to empower and help in the growth of Stratis Protocol and the overall development of the BaaS ecosystem.
Alphabit Partners with Stratis Protocol to Deploy Cutting Edge Products
Alphabit Digital Currency Fund is a billion-dollar AUM fund and one of the world’s first regulated digital asset investment funds. The fund is focused on delivering key solutions while assisting in various projects through end-to-end partnerships.
In the announcement release, Alphabit CEO Liam Robertson commented on the partnership:
“Stratis Protocol, after analysis, fits neatly into our investment thesis, and we believe the potential for growth for Stratis to be exponential. We are delighted to welcome Stratis into our portfolio and look forward to supporting them over the coming months and years.”
The regulated fund entered into a partnership with Stratis to help in deploying cutting edge products. It also intends to assist mainstream organizations to use blockchain in their daily operations.
Stratis CEO Chris Trew stated on the partnership:
“Alphabit’s initial injection, in conjunction with their further investment commitment, will unquestionably assist in accelerating the adoption of Stratis Technologies, while cementing Stratis as the go-to platform for Microsoft .NET Blockchain development.”
Billion-Dollar Regulated Fund Interested in Blockchain Project
The Stratis Protocol ecosystem comprises of the Stratis Identity, Supply Trust, an STO Platform for launching securities. Its Stratis Smart Contracts is developed in the widely popular C# programming language. Besides, its Stratis Protocol is an implementation of the Bitcoin protocol in C# on the Microsoft .NET core platform.
With over a billion dollars’ worth of assets under management, Alphabit has a keen interest in blockchain projects that deliver turn-key solutions. Alphabit not only invests in blockchain projects but also assists them with their end-to-end partnerships for a more sustained growth and expansion.