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JPMorgan invests in metaverse payments platform Tilia Tilia, | Metaverse | DeFi | Nfts | Trading

JPMorgan invests in metaverse payments platform Tilia

Tilia
, a Linden Labs spin off that is building a paymens platform for virtual economies, has won a return investment from JPMorgan and fresh capital from new backer Seoul-based fintech Dunamu.Tilia has raised a total of $22 million in funding to scale its platform for providing KYC-compliant micropayments and minted tokens for online games, creator platforms, social commerce and other digital social worlds.

Speaking in October last year after JPMorgan's first investment in Tilia, Drew Soinski, senior payments executive, managing director, said: "We believe that contextualised commerce - such as virtual economies within games and virtual worlds - is an area perfectly positioned for innovative payments solutions to play a critical role in the coming years.". In addition to the investment, Tilia is also working with JPMorgan Payments to enhance its current capabilities throughout its processing platform including providing increased payment and payout methods, expanding pay-out currencies and support services.

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