Unbox, an Antwerp, Belgium- and Indianapolis, IN-based provider of infrastructure for programmable exchange of value, raised $12M in Series a funding.
The round was led by HSBC Asset Management, with participation from participation from SFPIM Relaunch, a subsidiary of the Belgian Sovereign Wealth Fund.
The company intends to use the funds to further expand its software platform, talent recruitment efforts and the ongoing development of existing team members.
Led by CEO Erik Saelens, Unbox has developed proprietary technology which acts as an infrastructure for programmable exchange of value. This capability embraces a diverse range of assets, from financial resources to tangible products. Emphasising privacy and security, the technology allows the parties to an exchange to exercise control, distribution, and registration of any (un)fungible value, whether it is traditional currency or local community currencies (through the Unbox Community Issuance software suite,) or high-value assets like diamonds or semi-conductors, and even low-value items such as plastic bottles or toys (using the Unbox State of Product software suite.)
Brussels, Belgium will serve as a central hub for Unbox’s global operations.
FinSMEs
17/01/2024