TechFlow news: Ethereum Layer 2 Kinto has migrated to the Arbitrum ecosystem using the Arbitrum Nitro technology stack.
Kinto claims it can bridge traditional finance and decentralized finance by building a KYC-compliant Layer 2 that supports both modern financial institutions and decentralized protocols. It also aims to reduce DeFi vulnerabilities by providing built-in insurance for all smart contracts.
Earlier this month, Kinto announced raising $5 million in two funding rounds from investors including Kyber Capital Crypto, Spartan Group, and Parafi. Kinto's mainnet is scheduled to launch in the first quarter of 2024.




