Qredo operates a Layer 2 protocol that enables instant cross-chain swaps and settlement on supported blockchains while avoiding Layer 1 frictional costs. Its Gen 2.0 multi-party computation (MPC) removes vendor risk and single points of failure tied to centralized custody and private key management. The platform targets institutional investors, enabling secure access to digital liquidity pools and participation in DeFi. Qredo has integrations such as MetaMask Institutional and was chosen as a technology partner in El Salvador. Financially, the company announced an $80 million Series A that values Qredo at $460 million and reported $120 million raised in the prior 12 months. Proceeds are earmarked for future acquisitions, retail product development, and geographic expansion. Qredo provides a blockchain protocol and product suite that enables access to Layer 1 blockchains like Bitcoin and Ethereum over a Layer 2 network. Its technology allows secure participation in cross-chain liquidity pools, collateralized derivatives trading, and cross-chain atomic swaps. Qredo’s version 1 mainnet is live and the network operates 24 nodes across six tier-4 data centers in Tokyo, Hong Kong, Singapore, New York, Chicago and London. The company plans to launch version 2, move toward a decentralized autonomous organization (DAO), and enable validators to earn QRDO governance tokens through a revenue-sharing mechanism. The $11 million seed funding will be used to double the R&D team and hire additional C-suite talent ahead of the version 2 launch. Qredo emphasizes speed, security and compliance to facilitate institutional entry into DeFi.

Total raised

$91M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2022