Binarii raises €1.5m with aim of making blockchain ‘boring’

Company is a ‘spin-in’ at NovaUCD, the University College Dublin innovation hub

Amrit Kumar, chairman of Binarii: ‘The solutions we’re building will be critical to securing the over $200 billion in assets locked across decentralised financial applications’

Binarii Labs, an Irish blockchain start-up, has closed a $1.6 million seed round that values it at $6.5 million. The company, a spin-in at NovaUCD, the University College Dublin innovation hub, is developing enterprise-focused products based on distributed ledger technology (DLT).

"We make blockchain boring, dependable and fit for business," Aidan Finn, the firm’s chief executive, told the Business Post.

Headquartered in Co Kildare, Binari's backers include the dParadigm Fund, a British Virgin Islands-registered digital ...