Latin American asset tokenization company Koibanx completed a $22 million Series A round led by Algorand, with participation from Borderless Capital, Kalonia Venture Partners, G2, and Innogen Capital. The funds raised will be used to provide blockchain infrastructure for expansion Financial institutions with Central American operations establish payment channels. In addition, the company plans to launch a beta version of its low-code platform in December to allow developers to create financial products on the blockchain, aiming to reach 10,000 developers by the end of 2023.