Singapore’s Rubix Blockchain receives $ 100 million investment from LDA Capital

by Arthur · July 6, 2022

Singapore blockchain protocol Rubix Blockchain Pte Ltd (Rubix) announced on Tuesday that it has secured a $ 100 million investment from LDA Capital Ltd to grow global business, support the transition to Web3 and expand its green blockchain community.

Rubix said in a statement that this investment will allow the company to optimize the growth of the Web3 site, expand educational opportunities, develop policies and transition from Web2 to Web3 – enabling partners to build various apps on the platform, including those that address social and environmental problems.

The funds will also be used to increase internal operations, including hiring employees from around the world to support the expansion of Rubix’s ecosystem.

“We are excited about this partnership and are so excited that LDA Capital recognizes the value of the blockchain to build community and expand innovation as the network evolves,” said KC Reddy, founder and chief architect of Rubix.

“Rubix is first and foremost a community; This investment will allow us to grow this community and expand our green blockchain as a shared platform where partners can build any number of solutions. Our unique architecture makes Web 3 and even Web 5 accessible and achievable for anyone leaning towards decentralization, he added.

Rubix is a Layer 1 blockchain protocol for peer-to-peer data transfer and transactions. With operations in Singapore, India, the United Kingdom, the United Arab Emirates and the United States, Rubix is an online-scale protocol with zero transaction fees, minimal infrastructure costs, high security and privacy.

With less than 1 kWh per transaction, Rubix has one of the lowest energy consumption of any computer network. The software can be freely downloaded to any personal computer or virtual machine. The Rubix community has more than 12,500 validators.

“Rubix is a game changer for international transactions. It’s exactly the kind of innovative disruptors we want to work with. What sets the Rubix blockchain apart is its environmentally friendly crypto framework and focus on leveraging Web3 technology to solve some of society’s biggest problems. “This is not just a coin, it’s a true transformation in how online transactions are handled,” said Warren P. Baker III, Managing Partner at LDA Capital.

LDA Capital is a global alternative investment group with expertise in cross-border transactions worldwide. The team has dedicated its careers to international and cross-border opportunities after completing over 250 transactions in both the public and private intermediate markets in 43 countries with a total transaction value of over $ 11 billion.