JPMorgan, Mastercard, UBS lead $65M ConsenSys raise
ConsenSys is using the funds to expand its enterprise blockchain solutions centered around DeFi and Web 3.0. ConsenSys, a prominent blockchain software company, has raised $65 million in strategic investments from major financial institutions including JPMorgan Chase, Mastercard and UBS, offering yet another sign that traditional finance is entering the crypto space.The investment round will aid ConsenSys in expanding its enterprise blockchain infrastructure solutions to enable more decentralized finance and Web 3.0 applications on Ethereum, the company announced Tuesday. After a year of....
Related News
The Ethereum software firm Consensys has announced the incubator has raised $450 million in a Series D funding round led by Parafi Capital. The latest financing brings the company’s valuation to over $7 billion, following the $200 million Series C raise Consensys secured last November.
Consensys Raises $450 Million, Proceeds From the Round Will Be Converted to Ether
The Ethereum software and incubator firm Consensys has revealed it closed a $450 million Series D led by the venture capital firm Parafi Capital. The financing round also saw participation from Third Point,....
Consensys, an Ethereum software company, announced yesterday the launch of a new scaling solution for Ethereum, called “Consensys Rollups.” The company enlisted Mastercard programmers to design the solution, which aims to allow the network to reach a throughput of 10,000 TPS (transactions per second), according to a PR statement. The solution can be implemented on top of private, permissioned protocols like Quorum, or on public chains like Ethereum.
Consensys to Address Scaling With Mastercard’s Assistance
Consensys, an Ethereum software company, launched....
The "fintech innovators" will receive direct support from Mastercard as they bring their products and services to market. Mastercard Start Path, an accelerator program for fintech startups, has welcomed six new companies innovating in the field of blockchain-based payments.Asante Financial Services, Cledara, Jifti, Moeda Seeds, SpendDebt and Tippy were selected for being “fintech innovators” in software-as-a-service and blockchain technology. “As the fintech landscape evolves at an unprecedented speed, Mastercard provides the infrastructure and assets to help fintech innovators grow and....
The first partnership for Quorum since leaving JPMorgan is a big one.
Following a successful research phase between the two central banks, Consensys will develop a proof-of-concept for cross-border interbank blockchain payments. Blockchain firm ConsenSys announced Sep. 25 that it had been awarded the contract for a cross-border payment project between Thailand and Hong Kong.The company will lead the second implementation phase of Project Ithanon-Lionrock. The project is a joint initiative to create a cross-border central bank digital currency, or CBDC, payment network between banks in the two countries.Initiated in May 2019 by the Hong Kong Monetary....