Share this article
DeFi Infrastructure Provider Sooho.io Raises $4.5M for Bridging Blockchains
The South Korean company will use the funds to develop a range of blockchain tools for building decentralized finance applications that link the country's independent crypto networks.
Updated May 9, 2023, 4:04 a.m. Published Dec 13, 2022, 1:00 p.m.
In this article
Sooho.io, a provider of decentralized finance (DeFi) services, has raised $4.5 million to help forge links between separate blockchains in its native South Korea.
The Series A+ funding round was led by Woori Technology Investment, the company said via email Tuesday. It extends a $4.5 million Series A funding round earlier this year.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The Seoul-based company, whose clients include Samsung and LG, intends to use the funds to develop a range of blockchain tools, such as software development kits (SDK) and application programming interface (API) for setting up DeFi infrastructure and forging bridges between independent blockchains in South Korea and internationally.
Without it, blockchain initiatives in South Korea could see the emergence of numerous competing ecosystems, "content in their isolation, seldom fully interacting with one another," according to Sooho.io.
Its aim therefore is to build the infrastructure that can facilitate interoperability between different networks. To this end, it compares itself to SWIFT, the global messaging system that enables cross-border payments by allowing banks in different countries to transact with one another.
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
Standard Chartered, Coinbase Expand Crypto Prime Services for Institutions
The companies will explore the development of trading, prime services, custody, staking and lending solutions for institutional clients.
What to know:
- The enhanced partnership builds on the existing tie-up between Standard Chartered and Coinbase in Singapore.
- Standard Chartered provides banking connectivity that enables real-time Singapore dollar transfers for Coinbase’s customers.
Top Stories
