South Korean blockchain startup ICONLOOP has raised 10 billion won (~over $8 million) in a Series A funding round. The investment was led by venture firm Korea Technology Finance Corporation, with participation from T.S. Investment and several other firms. With the new capital in place, ICONLOOP is looking to launch a new decentralized identity (DID) service called “my-ID” in the first half of 2020. My-ID is a blockchain-based digital ID authentication service, which allows users to verify an ID via a mobile phone and therefore to more easily access services that require identification, such as financial products.

ICON Foundation will participate in the 2019 ‘Money 20/20 USA’ conference in Las Vegas, Nevada (USA). Min Kim, the co-founder of the ICON project and council member of the ICON Foundation, will lead a panel on the ‘$29 Trillion Question: How to Manage Trust’ with Alex Tapscott, co-founder of Blockchain Research Institute and best-selling co-author of ‘Blockchain Revolution’, and Pei Chen, Director of Financial Services & FinTech at ConsenSys.

More to follow!