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NASD Raises $3.3M Seed Round for Asset Issuer Chain Noble

NASD Inc., the company behind Noble, an asset issuance chain built for communication between blockchains, has raised $3.3 million in a seed round. The raise was led by Polychain Capital and included Borderless Capital, Circle Ventures and Wintermute Ventures, among others. Noble was created for native asset issuance in Cosmos and is part of the inter-blockchain communication protocol (IBC) that helps transport data between blockchains. IBC also allows users to exchange assets directly with each other. Noble’s first issuance partner is Circle, and in September, native USDC in Cosmos was launched, allowing IBC-enabled chains to access that stablecoin natively issued on Noble.

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