Developer of China’s Blockchain-based Service Network Gets $30M in Series A Funding

Developer of China’s Blockchain-based Service Network Gets $30M in Series A Funding

The developer behind China’s Blockchain-based Service Network (BSN) has raised $30 million in a Series A funding round.

According to a report by TheBlock on Thursday, Red Date Technology raised the staggering figure led by Hong Kong crypto firm Kenetic and a diversified growth fund of Aramco’s venture arm, Prosperity7.

Other notable investors included financial services giant Pictet Group and Bangkok Bank one of Thailand’s largest banks. The funding will go towards bolstering BSN’s team as well as expanding the firm’s global market for its platform, per the report.

BSN is the government-sanctioned framework being developed in China for blockchain developers.

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