OpenLedger raises DKK 11M for further developing four projects.

OpenLedger, a Pandrup, Denmark-based company providing cryptocurrency platforms, announced raising DKK 11M ($1.6M) in seed funding.

The money comes from a group of unamed Chinese, American and European investors, and will be equally spread for the development of four major projects managed by OpenLedger, namely eDEV.one (EDEV, JOYY), GetGame (REALITY), Apptrade (APPX), and OCASH (OCASH) to start immediate production. Each project is run individually and with an expert team of professionals focussed on the success of their platform.

At the same time, this investment is a direct response to the recent OpenLedger Asian-US Tour, which led Ronny Boesing, CEO of OpenLedger, to speak at prestigious conferences in Shanghai, New York and Seoul. One of the many positive outcomes was OpenLedger successfully securing a lucrative partnership with the first public blockchain in China, ViewFin, and an agreement to have the official currency of OpenLedger (OBITS) listed on two Chinese exchanges. Furthermore, OpenLedger is adding Chinese ICOs and their tokens to the OpenLedger Decentralized Exchange, or DEX.

OpenLedger, founded in 2015 and led by CEO Ronny Boesing, is a decentralized autonomous platform that enables its customers to convert bitcoin to fiat-pegged SmartCoins directly or by limit order. The company owns a digital asset known as OBITS that behaves much similar to stocks of a company. OpenLedger allows its users to instantly access a global financial crypto-platform that offers stabilized second-generation digital assets through SmartCoins. It also enables regular retail consumers to get the benefit of change in price characteristic of the digital currency marketplaces.