Aryze raised DKK 5.8 million via Keystones

Aryze, a Copenhagen, Denmark-based blockchain company, announced raising equity in a DKK 5.8M ($920k) round.

The money was raised from a number of 20 investors via the Danish Investor's Network, Keystones.

The raised funds will be used to launch the company's first product offering, Digital Cash, an exchange-traded stablecoin backed by assets issued by central banks.

Aryze, founded in 2017, is building a full-reserve bank based on regulated cloud-native banking software.