"Wallet as a Service" provider Universal Ledger raises $10 million, led by Hard Yaka

ChainCatcher news, wallet-as-a-service provider Universal Ledger announced the completion of a $10 million financing round, led by Hard Yaka. The Universal Ledger ecosystem will operate based on its native stablecoin, which will be backed 1:1 by the US dollar.

Universal Ledger aims to help users build their own crypto wallets, with its clients primarily being large financial institutions and government agencies. The company has developed a tiered verification system that provides low-level verification such as phone numbers and emails, as well as high-level verification of other identity information to ensure transaction security. (Source link)