Aryze, a Danish crypto startup developing a global payments system, has completed its initial coin offering (ICO), raising US$1.6 million from 278 individuals representing 14 different nationalities, the company said on Thursday.
Established in 2017, Aryze uses blockchain technology to create a global payments platform powered by fully redeemable stablecoins backed by and pegged to national currencies. Aryze will initially issue tokenized Danish kroners, euros and US dollars. More currencies will be added over time, according to Aryze’s FAQ page.
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