Solana wallet developer Cashmere has secured $3 million in seed funding from a group of investors, including Pantera Capital and Hashkey.
The Singapore-based company will use the capital to enhance its development of its multi-purpose portfolio and wallet app, which enables users to store, manage, and transact digital assets. The Cashmere app is powered by Solana’s blockchain technology and can be used to store cryptocurrencies, tokens, and non-fungible tokens (NFTs).
The Cashmere Wallet and app offer unparalleled security and privacy features, providing users with the freedom to store, send, and receive digital assets securely and anonymously, while also supporting global asset custody, exchange, and integrations.
Users interested in a multi-cryptocurrency solution can make use of the company’s integrated wallet, which enables users to store, manage and transact digital assets within the same platform. The wallet also facilitates multi-token transfers, enabling users to quickly and securely transfer assorted digital assets with ease.
Cashmere plans to further enhance its user experience by adding additional product and security features, such as secure asset custody, multi-chain integrations, enhanced APIs, and interoperability. The company is also working on launching its own Token Network, which will enable third-party developers and businesses to create their own digital wallets and Dapps.
The company is also looking to expand its presence in Europe and the United States, and it will be launching its products in those regions in the coming months.
Cashmere’s $3 million seed funding round reflects investor excitement at the company’s set of unique features that provide users with enhanced security, privacy, and ease of use. The funding will be used to further develop Cashmere’s products, with new features planned in the coming months.
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