The Stellar Development Foundation invested $5 million in crypto wallet provider Abra to expand its products and services on the Stellar network. Abra plans to build next-generation banking infrastructure on Stellar, with product details coming in the coming months.
The Stellar Development Foundation announced a $5 million investment in Abra, a crypto wallet and investment app provider. The investment aims to help Abra expand its offerings on the Stellar network and build next-generation banking infrastructure. Abra currently enables users to invest in over 100 cryptocurrencies, stocks, and ETFs. The company, founded in 2014 and backed by American Express Ventures and Foxconn, has raised over $30 million to date. Specific product details surrounding the Stellar partnership will be announced in the coming months.