Share this article
BlockApps Raises $41M to Bring More Real Assets to Its Blockchain
The money will be used to hire more staff and for new customers.
Updated May 11, 2023, 4:00 p.m. Published Apr 19, 2022, 3:25 p.m.
BlockApps has raised $41 million in a new funding round that will help the blockchain firm bring more real assets, such as agricultural and energy products, to its blockchain, according to a press release on Tuesday.
BlockApps helps businesses bring more transparency and traceability to their operations. The company helps run business networks on its STRATO blockchain product, which is compatible with Ethereum.BlockApps plans to use the funds to hire more staff and help more Fortune 500 companies, as well as startups, use its blockchain network.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The financing round was led by Liberty City Ventures, with participation from ConsenSys, Morgan Creek Digital and Eidetic Ventures, among others.
"[BlockApps is] solving some of the world’s biggest challenges and causing industries to rethink what’s possible with blockchain technology – especially when it comes to navigating the complexities of today’s sustainability challenges and supply chain issues," Murtaza Akbar, founding partner at Liberty City Ventures, said in the press release.
In the past, BlockApps has used its blockchain application to track the lifecycle of food and agriculture products, as well as for carbon data management. It has worked with Amazon, crop protection company Bayer Crop Science and Blockchain For Energy, an association of large energy companies.
New York-based Liberty City Ventures has lately been pouring money into the crypto industry. It co-led crypto custody provider Hex Trust's $88 million funding round with Hong Kong-based venture capital company Animoca Brands in March.
BlockApps raised $9 million in a previous funding round.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bhutan Debuts TER Gold-Backed Token on Solana
The Himalayan kingdom introduced TER, a Solana-based token backed by physical gold and issued through Gelephu Mindfulness City.
What to know:
- Bhutan introduced TER, a sovereign-supported gold-backed token issued via Gelephu Mindfulness City and custodied by DK Bank, offering a blockchain-based representation of physical gold.
- The token runs on Solana, giving international investors digital portability and on-chain transparency while mimicking the experience of traditional gold purchases.
- TER follows Kyrgyzstan’s USDKG launch, highlighting a growing trend of smaller nations issuing asset-backed digital currencies tied to audited reserves as part of broader economic and technological strategies.
Top Stories
