Kirobo Announces Strategic Investment from BRZ Solana Fund and New CEX Listing for KIRO

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Tel Aviv, December 28 2021 – Kirobo, a company developing a safety net for DeFi, has announced that it has secured a strategic investment from the Solana LATAM fund, a regional investment arm of the Solana Foundation in partnership with the issuer and manager of the BRZ stablecoin. In addition, Kirobo’s native utility token, KIRO, has been listed on MEXC Global.

The investment is a major step for Kirobo, which is completing its latest funding round. It connects the company to an extensive network of new potential partners and investors, and more specifically, gives it a valuable key to the LATAM region.

Solana is one of the world’s biggest crypto networks, having recently attracted almost $19 million in investment itself, and it has a very active venture investment arm, participating in a new $150 million crypto gaming investment fund in December. For Kirobo, this strategic investment follows a number of other similar injections and partnerships as it moves along its ambitious roadmap.

Adding KIRO to our portfolio was a strategic movement because we are supporting the future development of Kirobo’s solution in the Solana Ecosystem” said Carlos Russo, CFO of BRZ and manager of the BRZ Solana Fund.

Regarding the token listing, MEXC Global is the second centralized exchange to list KIRO, following the token’s recent listing on Bitrue. KIRO is the utility token of the Kirobo network, powering its decentralized services by triggering smart contract activations via the network community. The token now trades on several decentralized exchanges and two centralized venues, and the Kirobo team intends further CEX listings over the coming months.

Solana is one the world’s foremost blockchain companies, so receiving a strategic investment from them is yet another signal that we’re moving in the right direction,” said Asaf Naim, co-founder and CEO of Kirobo. “In addition, MEXC Global is a highly-respected and popular exchange. We expect the word KIRO to become synonymous with DeFi services as the years progress, and listings like this will only help our network grow.”

MEXC Global, formally known as MXC, was established in 2018 and today processes more than $600 million in crypto trades every day. It was voted ‘Best Crypto Exchange in Asia’ at the Crypto Expo Dubai in October 2021.

We are always excited to add promising new tokens to our listings, and KIRO is a utility token with a big future,” said Katherine Deng,  Vice President at MEXC Global. “We’re passionate about improving the user experience throughout the crypto market, so Kirobo’s philosophy is in line with ours, and we welcome this company to the MEXC family.”

Kirobo is entering 2022 strongly, having released a number of innovative products over the last few months, most recently the ‘Liquid Vault’, an on-chain wallet and consolidated DeFi services platform. The Liquid Vault is the hub from which KIRO-based services are accessed and operated. The company also announced the participation of figures such as Brock Pierce and Scott Stornetta to its advisory board.

About Kirobo

Kirobo’s mission is to make cryptocurrency an everyday tool that everyone can use with confidence. We achieve this with user-friendly products that remove the risk of human error and fraud from cryptocurrency transactions, making crypto management as safe as can be. Kirobo is the proud recipient of two grants from the Israeli Innovation Authority — the only blockchain technology company to achieve this.

About MEXC Global

Established in April 2018, MEXC Global is a digital asset trading platform with over 7 million users, which offers users one-stop services including spot, margin, leveraged ETFs, derivatives trading and staking services. The core members of the team come from international enterprises and financial companies and have experience in blockchain and financial industries.

About BRZ

The BRZ is the main cryptocurrency paired to the Brazilian Real and the first stablecoin paired to an emerging country currency.  With the token, it is possible to access international cryptoactive platforms while maintaining a position in Brazilian Real.  In January of this year, cryptocurrency joined the blockchain Solana, allowing for cheaper and faster transactions.  With this, the cryptocurrency gained another option for BRZ transfers at a lower cost. 

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