Fedi raises $4 million to scale Bitcoin custody with Fedimint

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Fedi Inc. announced on Tuesday that it raised $4.2 million in a seed round as the company seeks to onboard more Bitcoin users with the Fedi app, according to a statement sent to Bitcoin Magazine. .

The app, which the company plans to begin rolling out in the first quarter of 2023, will provide a user interface for Fedimint, an open-source protocol that leverages Chaumian Ecash federated currencies to decentralize bitcoin custody and improve staking capabilities. currency scale.

“Fedi and Fedimint will help put monetary power back in the hands of everyone, everywhere,” Fedi Inc. co-founder and CEO Obi Nwosu said in a statement. “It creates a better future for billions of people and especially for those struggling under oppressive regimes, which ultimately makes the world a better place.”



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