Spectral Closed $6.75 Million Funding Round Led by Polychain Capital

TokenInsight news, Spectral, an ethereum-based programmable reputation protocol, has closed a $6.75 million funding round led by Polychain Capital with participation from Galaxy Digital, Social Capital, ParaFi Capital and others. Spectral develops infrastructure for assessing credit risk in Web3 and lays the framework for a new asset class of programmable creditworthiness. Spectral’s first product is an on-chain credit score, which gives lenders an improved mechanism to evaluate borrower risk, and grants the user full control over their identity and pseudonymity on the blockchain.