Ant Financial, the financial affiliate of Chinese e-commerce giant Alibaba (NYSE:BABA), has participated in a $10 million Series A round for QEDIT, an Israeli blockchain privacy solutions firm that develops zero-knowledge proof (ZKP) technology. The news was reported by Israeli daily business newspaper Calcalist on May 7.
The Series A was reportedly led by MizMaa Ventures, and its closing was announced alongside partnerships with Ant Financial, major software firm VMWare and RGAX, a subsidiary of Reinsurance Group of America.
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