Oneiro Secures $5 Million in Series A Investment

Oneiro has entered into a service contract with the Axiom Foundation. Axiom, an Isle of Man entity, oversees ndau, under the guidance of a Blockchain Policy Council, elected by holders of ndau. Pursuant to this service agreement, Oneiro is responsible for the development of technology infrastructures for, among other things, an identity verification system and a system for autonomous transaction processing. The new funding will allow Oneiro to provide additional services to the Axiom Foundation and other clients more efficiently. Helping Axiom extend ndau into the digital asset economy and performing global exchange integrations are at the forefront of the additional services to be provided by Oneiro following the investment.

“Another investment into Oneiro, is another investment for the advancement of the entire blockchain ecosystem,” said Ciarán Hynes, Managing Partner at COSIMO Ventures, “Oneiro has proven its development expertise in the blockchain space particularly following the launch of ndau. The Oneiro team has made significant progress this year, and these new funds will allow the team to further develop multiple blockchain technologies, extend into the crypto ecosystem, and accelerate the adoption and use of various blockchain applications, including digital virtual currencies such as ndau.”

“I am absolutely thrilled to be joining the Oneiro team, in order to accelerate the growth of services offered by Oniero, especially during this exciting investment period,” said Dhesi Ananchaperumal, CEO of Oneiro, “My past experience and expertise will allow me to drive new innovation and partnerships, and identity adjacent areas of opportunity that leverage established core competency of blockchain development."