Startup Secures $43M Investment to Build On-Chain Financial Services on Avalanche

Startup Iris has secured $43 million in funding to develop on-chain financial services for telecommunications companies using the Avalanche (AVAX) blockchain. According to CryptoBriefing, the investment came entirely from Balesia Group, a U.S.-based telecommunications family office. Iris operates a dedicated Avalanche Layer 1 blockchain platform and currently supports on-chain real-time payment and settlement operations for telecom providers in Bolivia and Mexico.