Peer-to-peer (P2P) bitcoin trading and lending platform Hoddle Hoddle has announced the successful closure of the Series B funding round from Kingsway Capital, Ten 31’s Low Time Preference Fund, XBTO and Samson Maui. The total income of the round was not disclosed.
“Hodl Hodl’s non-custodial platform effectively removes the boundaries of anonymous transactions on a peer-to-peer basis, allowing individuals to enter into financial agreements with anyone else around the world in a programmable and verifiable manner Partner Grant Gilliam says, Bitcoin Magazine.
“It will greatly benefit those in oppressive and authoritarian areas, and we are proud to support Hodl Hodl’s mission,” Gilliam added.
Hoddle Hoddle said the company plans to bolster its security, usability and communications efforts with rounds of revenue following recent challenges.
In August, security issues in Hoddle Hoddle’s multisig escrow system led to the forcible liquidation of some contracts in its ndding platform, Land at Hoddle Hoddle. The lack of clear and encrypted communication of the company caused confusion among the customers at that time.
“Although recently, we have encountered some obstacles on the road, this is where we will be stronger, bring more resources to create high quality products and do our utmost to improve security, usability and communication,” he said. Hodl Hodl CEO Max Kei.
Hodl All investors in Hodl will take an active part in further development of the project, the company said. P2P Exchange is planning to form an advisory board with its investors and project supporters.
Blockstream CSO Samson Moe, who joined as a private investor, said the Exchange team was “creating a perfect platform for a cipherpunk to enter the future where people can trade and nd without their keys.”
According to managing partner Greg Carson, Hoddle Huddle’s non-custodial trading and ndding models have also sparked interest from XBTO.
“We’ve invested in Hoddle Hoddle because they’re building attractive tools for Defy using the Bitcoin network with world-class partners,” Carson said. “We have high expectations for this excellent entrepreneurial endeavor and hope to add value as an investor.”