CertiK announces CertiK Ventures to boost blockchain development

CertiK Ventures aims to drive on-chain innovation by supporting security-first projects, fostering key partnerships, and making strategic investments.

CertiK, a well-known entity in blockchain security solutions, announced the introduction of CertiK Ventures, a new initiative aiming to support emerging on-chain platforms. 

CertiK Ventures will focus on promoting “security-first projects,” participating in venture capital (VC) rounds and establishing ecosystem partnerships.

Jason Jiang, Chief Business Officer of CertiK, commented on the importance of the 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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Supporting 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 leverage CertiK’s blockchain security to provide resources and expertise to its portfolio companies, aiming to support the “development and deployment” of blockchain technology.

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Focus on security

CertiK, founded in 2018, is focused on blockchain security and has acquired several technology-focused heavy-hitter investors, including Sequoia Capital, Goldman Sachs, Tiger Global, and Insight Partners.

CertiK has detected over 60,000 vulnerabilities, including a recent $5 million Wormhole security flaw caused by a “critical bug” in the open-source multichain bridge.

The blockchain security firm has also secured over $380 billion in digital assets, working with over 4,500 prominent blockchain projects, including Ripple, Polygon, TON, BNB Chain, Sandbox, and Aptos.

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Expanding horizons

CertiK’s move to support blockchain development reflects a broader industry narrative, one that is still “very early,” according to Trust Wallet’s head of engineering, Luis Ocegueda.

In an interview with Cointelegraph, Ocegueda explained that the technology underlying blockchain is still being developed but has yet to be turned into “a cohesive product or cohesive experience.”