Previously funded by EMURGO’s investment arm EMURGO Ventures, this additional funding will support Maestro to aggressively develop and deploy new Web3 product offerings for its platform users and expand its business reach to drive Cardano adoption.

Maestro’s advanced dApp platform offers powerful data APIs and developer tools that abstract away the complexity of blockchain infrastructure and streamline Web3 development. Its state-of-the-art UTxO indexing technology enables enterprise-grade scalability and reliability to help power Web3. Additionally, Maestro offers a suite of innovative services such as real-time transaction state monitoring, on-chain event notifications, high-fidelity DEX (decentralized exchange) prices, plug-and-play smart contracts, and more.

“This additional funding round demonstrates EMURGO’s belief in Maestro as a strong infrastructure provider in the Cardano ecosystem. It delivers a much-needed service to remove a formidable entry barrier for many non-technical and even technical developers to build and launch dApps. EMURGO is committed to empowering developers, entrepreneurs, and companies with the Web3 tools they need to leverage blockchain to make a difference.”— EMURGO CEO Ken Kodama

“Maestro’s mission has always been to empower developers to build cutting-edge blockchain applications and in turn, accelerate Web3 democratization & mass adoption. This additional funding support from EMURGO, will directly empower us to advance our vision and continue to support the hundreds of developers we work with daily pushing the blockchain industry forward,” — Maestro CEO Marvin Bertin.

An open-source, public blockchain platform, Cardano is to be founded on peer-reviewed R&D through scientific, evidence-based methods. Using an environmentally friendly and secure proof-of-stake protocol, the Cardano blockchain has more than 1,350 projects currently building applications on its platform

EMURGO is a blockchain technology company and a founding entity of the Cardano blockchain that provides products and services to drive the adoption of Cardano’s Web3 ecosystem.

The EMURGO platform wants to help people and organizations unlock the unique value of Web3 products, services, and solutions built on the Cardano blockchain to empower their lives and change the world for the better.

What is Maestro?

Maestro is a cutting-edge blockchain development platform, pushing the boundaries of Web3 capabilities and paving the way for a decentralized, interconnected digital future. Maestro offers a full suite of powerful APIs and advanced software tools that streamline the development of dApps on the UTxO blockchain such as Cardano, Bitcoin, & Dogecoin.

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Emurgo is a separate entity from Cardano and operates independently. It aligns with the Cardano project and works to support its growth and development. Emurgo is based in Japan and has offices in several other countries around the world.

As a blockchain technology company, Emurgo is focus on developing and promoting products and services related to the Cardano blockchain.

Some examples of products and services offered by Emurgo include:

1. Yoroi: A light wallet for Cardano that is designed to be easy to use and secure.
2. Cardano App: A mobile app for managing and using Cardano-based assets, including ADA, the native cryptocurrency of the Cardano blockchain.
3. Cardano Academy: An online learning platform that provides educational resources and training on blockchain technology, with a focus on Cardano.
4. Cardano Consulting: A consulting service that helps companies and organizations understand and utilize the Cardano blockchain for their business needs.
5. Cardano Ventures: A venture capital arm of Emurgo that invests in start-ups and companies that are building on the Cardano blockchain.

Emurgo has a number of functions and activities related to the development and promotion of the Cardano blockchain and its ecosystem. Some of the key functions of Emurgo include:

1. Investment: Emurgo has a venture capital arm, called Cardano Ventures. Invests in start-ups and companies that are building on the Cardano blockchain.
2. Education and training: Emurgo operates the Cardano Academy, an online learning platform that provides educational resources and training on blockchain technology, with a focus on Cardano.
3. Consulting: Emurgo offers consulting services to help companies and organizations understand and utilize the Cardano blockchain for their business needs.
4. Development: Emurgo involves in the development of various products and services related to the Cardano blockchain, such as the Yoroi wallet and the Cardano App.
5. Partnerships: Emurgo works with a variety of partners, including governments, enterprises, and other organizations, to help facilitate the adoption and use of the Cardano blockchain.

Emurgo is a blockchain technology company that aims to accelerate the global adoption of the Cardano blockchain and its native cryptocurrency, ADA.

As such, some of the potential benefits of Emurgo’s work include:

1. Improved access to financial services: Emurgo is working to develop real-world applications of the Cardano blockchain that can help increase access to financial services, particularly in underserved or underbanked areas.
2. Increased efficiency and transparency: The use of blockchain technology can help improve the efficiency and transparency of various processes, such as supply chain management, by providing a secure and immutable record of transactions.
3. Enhanced security: The Cardano blockchain designs to be highly secure, and Emurgo is working to ensure that it remains so through ongoing development and maintenance efforts.
4. Greater innovation: By supporting the development of new applications and use cases for the Cardano blockchain, Emurgo aims to foster greater innovation in various sectors.
5. Economic development: Emurgo’s efforts to promote the adoption of the Cardano blockchain and its native cryptocurrency, ADA. Contribute to economic development in various regions around the world.

Introducing $USDA Stablecoin

Stablecoins are cryptocurrencies that are pegged to the value of a specific asset, such as a fiat currency (e.g. US dollar), a commodity (e.g. gold), or an index (e.g. S&P 500). They are designs to maintain stable values. Often through the use of collateral or other mechanisms, often used as a medium of exchange or as a store of value.

The $USDA is the fiat-backed regulatory-compliant stablecoin in the Cardano ecosystem. USDA leverages the stability of the U.S. Dollar combined with Cardano’s security, low fees, and eco-friendly blockchain. This new stablecoin offering locks in the value of investors’ crypto assets by pegging 1:1 to the U.S. dollar. Reducing volatility, and unlocking fast global transactions without legacy banking and payment infrastructure delays.

“The Cardano ecosystem was built on the ethos of bringing real-world applications to crypto and creating the foundation to build the economy of the future. The introduction of a fully fiat-backed, regulatory-compliant stablecoin is the next step in realizing the future of our community. USDA is a native asset, freely exchangeable on Cardano, and backed by U.S. currency. This stablecoin not only offers stability to investors conducting financial transactions on the blockchain. Advances a path forward for the Cardano ecosystem to address a problem we are uniquely positioned to solve — banking the underbanked.”— EMURGO Fintech Managing Director Vineeth Bhuvanagiri

USDA is the first product being brought to market within Anzens. It is EMURGO’s new product suite which aims to bridge the gap between traditional finance (TradFi) and DeFi. Anzens will provide a portal to regulated financial services products offered within the Cardano ecosystem. Anyone can tokenize their dollars and move them as a Cardano-native asset.

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The objective of the strategic partnership of EMURGO Ventures and Partisia Blockchain is for Cardano decentralized application (dApp) developers and its users to be able to leverage Partisia blockchain’s privacy-preserving zero-knowledge (ZK), multi-party computation (MPC) for Cardano dApps. Partisia’s development team will develop customized smart contracts for Cardano developers to utilize when applicable to their dApp’s use case, which will still use Cardano ADA or Cardano-based tokens. Ultimately, this optionality provides both Cardano developers and their dApp users with more robust privacy.

Partisia is scheduled to deliver the first full version of its smart contract programming language designed for privacy-preserving ZK and MPC computations by the middle of this year.

EMURGO founder and CEO Ken Kodama said:

“EMURGO Ventures is excited to partner with Partisia and its stellar team to bring more privacy tools for Cardano developers to utilize and add value to the Cardano ecosystem. Cardano’s Web3 development is advanced by the efforts of Cardano’s dApp developers, and this partnership serves to add more elements to their toolbox to provide services that users will demand such as privacy features.”

Partisia Blockchain Co-Founder Brian Gallagher said:

“Partisia Blockchain couldn’t be more thrilled to partner with EMURGO Ventures to deliver our first cross-chain, zero-knowledge privacy smart contracts to the Cardano ecosystem. The Cardano ecosystem is one of the biggest in the industry and we look forward to providing as much value as possible to the developers. We built Partisia Blockchain with a collaborative approach to making our privacy contracts available across all other networks and this partnership is a strong indication that we’re finding a product-market fit in this industry and that privacy is in demand.”

According to venture capital firm a16z, “the next phase, this next decade, will be about the ability to interact with anyone, anywhere, at any time — privately, without revealing one’s data, and with more control in the user’s hands” and that “new web standards built with zero-knowledge proofs and blockchains will therefore offer users choice by introducing a new privacy layer for the web.”

About EMURGO

EMURGO is the official commercial arm of Cardano and provides socially impactful solutions to solve some of the most intricate problems of organizations. As a founding entity of the Cardano protocol, EMURGO is able to leverage its abilities for large-scale blockchain development and rapid solutions deployment to benefit its global clients.

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About EMURGO Ventures

EMURGO Ventures is a wholly-owned investment subsidiary of the parent company EMURGO Ptd. Ltd. and invests in a variety of Cardano-focused startups and middleware solutions companies.

About Partisia Blockchain

Partisia Blockchain is a Web 3.0 public blockchain built for trust, transparency, privacy, and speed of light finalization.

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