TechFlow news: Universal Ledger, a wallet-as-a-service provider, has announced the completion of a $10 million funding round led by Hard Yaka.
The Universal Ledger ecosystem will operate using its native stablecoin, which will be backed 1:1 by the U.S. dollar.
Universal Ledger aims to help users build their own cryptocurrency wallets. Its primary clients are large financial institutions and government agencies. The company has developed a tiered verification system offering lower-level authentication via phone numbers and email addresses, as well as higher-level authentication through additional identity verification data, ensuring transaction security.
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