CertiK Announces CertiK Ventures to Accelerate Blockchain Development
CertiK, a well-known company in blockchain security solutions, announced the introduction of CertiK Ventures, a new initiative to support emerging on-chain platforms.
CertiK Ventures plans to focus on promoting ‘security-first projects’ such as participating in venture capital (VC) rounds and establishing ecosystem partnerships.
Jason Jiang, CertiK’s Chief Business Officer, commented on the importance of this initiative and its impact on Web3:
“The launch of CertiK Ventures is a pivotal part of our mission to secure the Web3 world. By combining our years of expertise in blockchain security with strategic investments, we aim to accelerate the growth of innovative projects that will shape the future of the industry.”
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Support for blockchain growth
CertiK Ventures’ portfolio includes companies such as Pantera, LINE, Sei, Hashkey Capital, WEMIX, Dora Hacks, Meta Era, Playbux, Shima Capital, SevenX Ventures, Borderless Capital, and Ling Feng Capital.
CertiK Ventures will provide resources and expertise to portfolio companies leveraging CertiK’s blockchain security, with the goal of supporting the “development and deployment” of blockchain technology.
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Focus on security
Founded in 2018, CertiK focuses on blockchain security and has acquired large, technology-focused investors including Sequoia Capital, Goldman Sachs, Tiger Global, and Insight Partners.
CertiK recently discovered more than 60,000 vulnerabilities, including the $5 million Wormhole security flaw caused by a “critical bug” in an open-source multichain bridge.
The blockchain security company has also partnered with more than 4,500 popular blockchain projects, including Ripple, Polygon, TON, BNB Chain, Sandbox, and Aptos, securing more than $380 billion in digital assets.
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expanding horizons
CertiK’s move to support blockchain development reflects a broader industry narrative that is still “very early,” according to Luis Ocegueda, director of engineering at Trust Wallet.
Ocegueda explained in an interview with Cointelegraph that the blockchain-based technology is still in development but has not yet been translated into “a cohesive product or a cohesive experience.”
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