SEOUL, March 28, 2024 — PARAMETA Corp. (formerly ICONLOOP), a leading Web3 Enabler specializing in blockchain infrastructure and services, announced today that it has secured an additional KRW 9 billion ($6.5 million) in funding, bringing its cumulative investment total to KRW 25 billion ($18 million). The company also revealed that discussions for follow-up investments with other partners are currently underway.

The latest funding round included participation from Shinhan Venture Investment and Korea Asset Investment Securities.
Shinhan Venture Investment joined the round through the Shinhan Hyperconnect Investment Association No.1, a KRW 270 billion ($195 million) strategic investment fund established by Shinhan Financial Group to drive digital innovation.

According to investors, PARAMETA’s ability to develop the entire blockchain stack in-house—ranging from core technologies such as engines and interchain frameworks to end-user service applications (dApps, L4)—played a key role in their decision. PARAMETA was recognized as the only blockchain company in Korea with full-stack development capabilities proven in real-world projects. The company also earned high marks for its market-proven references and steady revenue growth in both the public and private sectors.

Korea Asset Investment Securities, which previously participated in PARAMETA’s Series A and bridge rounds, extended its investment once again, reaffirming its confidence in the company’s long-term vision and growth potential.

PARAMETA plans to leverage this funding to expand R&D in its proprietary blockchain technologies, advance its service offerings, and accelerate global expansion based on its strong domestic track record.
The company has already demonstrated proven excellence and stability across a variety of industries — from public-sector platforms like the Seoul Blockchain Standard Platform, Gangwon-do’s “Nayana” Service Platform, and Gyeongbuk’s “MOISO” Public MyData Platform, to private-sector and global blockchain networks such as WattEver (EV battery life certification), HAVAH (interchain NFT platform), ICON (L1 interchain platform), and PERME (Web3 data protocol).

PARAMETA’s technological capabilities have also been objectively validated through multiple official certifications and evaluations, including TCB TI-1 rating, KISA Pre-IPO Technology Evaluation Grade A, and selection as a POSCO Unicorn Company.

Looking ahead, PARAMETA is focusing on integrating blockchain with AI to build a safer and fairer AI ecosystem. The company aims to unveil related services within the year and apply these technologies to its existing Web3 platforms, including HAVAH and ICON, to enhance interoperability and data integration.

“PARAMETA stands out for its exceptional talent, proprietary technology, and extensive development track record,”
said Gunho Park, Director at Shinhan Venture Investment.
“With blockchain regaining strong momentum globally and becoming a vital digital infrastructure, PARAMETA is well positioned to benefit from the renewed growth of Web3 and blockchain industries.”

A representative from Korea Asset Investment Securities added,

“Based on its proven technological leadership and robust R&D infrastructure, PARAMETA will lead the convergence between Web3 and future industries such as AI.”

Jonghyup Kim, CEO of PARAMETA, stated,

“As a Web3 Enabler, PARAMETA has deployed blockchain technology and services across public, private, and open-source ecosystems.
With this new funding, we will continue to translate our R&D outcomes into industry applications and interconnect ecosystems to create new value across sectors.”