Cryptocurrency application developer Utorg has completed a $5 million seed round financing, led by Dragonfly and others

ChainCatcher news, according to tech.eu, crypto application developer Utorg announced the completion of a $5 million seed round financing, led by Dragonfly, TA Ventures, and the Web3 fund Hypra.

Utorg revealed that the company plans to use the new funds to introduce IP licensing, explore more revenue channels, and will expand fiat/crypto exchange services in the coming weeks by introducing a super application with support features. Additionally, it will launch a "toolkit" for crypto applications that supports self-custody, digital wallets, and embedded widgets for transfers through third-party applications and websites. (source link)