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SumerMoney develops a cross-chain platform for synthetic digital assets.
Based in Palo Alto, SumerMoney develops a platform that lets users transfer and use synthetic assets across blockchains. Users can deposit assets on different chains and mint synthetic tokens, including cryptocurrencies and stablecoins, for trading, borrowing, collateralizing and spending. The company was founded by CEO Xiaohan Zhu. In May 2022, it raised USD 2 million in seed funding co-led by A&T Capital, Pantera Capital and AngelDAO.
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