Full-service investment company Genesis Block Ventures (GBV) announces an investment in on-chain cybersecurity protocol HAPI.
HAPI provides on-chain cybersecurity data for DeFi projects that can be directly used to reject suspicious transactions and stolen funds.
HAPI is a cross-chain solution that suits most popular blockchains such as Ethereum, Polkadot, VeChain, etc. It is well positioned to be the new security standard for all kinds of blockchain industry players from DEXs, lending protocols, derivatives, to other DeFi applications.
Connecting to HAPI, centralized exchanges can receive information on hacks where coins are stolen, and block those stolen funds from entering their exchange until the situation is resolved. HAPI has also created a global on-chain database of wallets holding illicit funds for DeFi to prevent money laundering and stop hackers dead in their tracks.
HAPI’s Oraclizing and DAO system delivers SaaS in the DeFi environment that prevents hack attempts, allowing projects to fix cybersecurity vulnerabilities on the fly. It guards DEX aggregators, DeFi platforms, and their users from projects that have not completed security audits, to mitigate financial and reputational risks that could come from insecure smart contracts.
Security Standard for DeFi
As the first project launched by the Hacken Foundation (HFoundation), HAPI announced itself in an unusual way by hacking the first Grey Hat Hackers Ideas Competition. We are hugely impressed by the cybersecurity expertise and the drive of the HAPI founding team, which exhibit the huge potential for HAPI to be a game changer in the DeFi and crypto space.
As an investment company with a mission of building the future through blockchain, Genesis Block Ventures has built a wide-reaching, vibrant blockchain ecosystem, and has grown a thriving network to form an effective ecosystem for all aspects of blockchain, crypto, and decentralized finance (DeFi) projects.
The booming DeFi space needs a cutting edge cybersecurity solution to protect the growing user base from any potential attacks taking place in the market. Through the investment, Genesis Block Ventures will help further expand HAPI’s opportunities in the industry. We are delighted to participate in HAPI’s exciting journey to make the DeFi space a safer place for all!
HAPI is a set of cross-chain smart contracts that are embedded into centralized exchanges and decentralized finance (DeFi) products that allow them to reach a new security level. HAPI’s Oraclizing and DAO system delivers SaaS in the DeFi environment that prevents hack attempts.
Aiming to fix cybersecurity risks occurring at the DeFi space, HAPI is the first project developed by Hacken Foundation, a leading security consulting company specialised in blockchain security.
About Genesis Block Ventures
Genesis Block Ventures (GBV) is a full-service investment company closely working with Genesis Block HK, Asia’s leading digital asset over-the-counter (OTC) trading center.
As a private investment company with a mission of building the future through blockchain, Genesis Block Ventures is an active participant in the DeFi revolution, and has grown a thriving network to form an effective ecosystem for all aspects of blockchain, crypto, and DeFi projects.