Tag: funding

R3 Consortium Member Closes $10 Million Funding Round for Blockchain ID Platform

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United States-based credit union service organization CULedger has raised $10 million in a Series A funding round for its credit union-focused blockchain platform, according to a press release published Jan. 29. The company, which is a member of R3’s global blockchain ecosystem, first announced its funding round and its goal of raising $10 million in October, 2017. According to the release, the now closed funding round included 40 investors, noting that the “majority of investors are credit unions.” Following a successful round, CULedger will soon launch its flagship product, MyCUID.…

Could Blockchain Be the Solution for SME Funding Woes?

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Could Blockchain Be the Solution for SME Funding Woes? January 29, 2019 by Akshay Makadiya The difficulties for small and medium enterprises (SMEs) accessing traditional trade finance products, specifically in emerging markets, is well known. Could blockchain technology help solve the SME exclusion problem in the trade finance space? Also read: Crypto Exchanges Turning to Reverse Mergers: Will They Succeed? Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Bridging the SME Gap with Blockchain? Some Banks Think It’s Possible According to the World Bank, the international financial…

SBI Crypto Subsidiary Supports Crypto Mobile Wallet in $15 Million Funding Round

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Cryptocurrency mobile wallet BRD has raised $15 million in a Series B financing round supported by SBI Crypto Investment, according to a press release shared with Cointelegraph on Jan. 25. SBI Crypto Investment, a subsidiary of the Tokyo-based SBI Holdings, contributed to the funding, which BRD states will help to accelerate international expansion and scale its technology platform. In the press release, BRD also announced the availability of cryptocurrency purchases through the use of SEPA transfers in the European market through a partnership with crypto payment provider Coinify. In September…

Bitstamp Partners With Leading Swiss Online Bank to Enable Bitcoin (BTC) Funding and Withdrawals

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The cryptocurrency exchange of Bitstamp has partnered with Dukascopy Bank to enable crypto funding for the clients of the bank. The bank is a leading Swiss online bank and its clients can now send Bitcoin (BTC) to their accounts and the crypto will be converted to US Dollars which they can use to trade on the Swiss FX Marketplace. The clients of Dukascopy can also withdrawn their funds back to the their crypto wallets in the form of BTC. Bitstamp will facilitate the conversion of fiat to Bitcoins and vis…

Blockchain-Driven Real Estate Platform Closes Seed Funding Round Backed by Morgan Creek

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Blockchain-based real estate platform RealBlocks has successfully closed a seed funding round backed by digital assets manager Morgan Creek Digital, a press release reveals Friday, Jan. 25. Per the announcement, a $3.1 million round was led by United States-based commerce company Science Inc. with participation from Morgan Creek Digital, Zelkova Ventures, Ulu Ventures, and Cross Culture Ventures. The specific amounts of investment were not disclosed. RealBlocks has designed a decentralized platform that tokenizes shares of private equity funds. It also allows real estate investors to sell shares at both domestic…

$20 Million Funding Round in Blockchain Firm Symbiont Includes Citigroup and Nasdaq

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Citigroup and Nasdaq are among a group of firms investing $20 million dollars in Symbiont.io Inc, Bloomberg reports on Jan. 23. Other investors reportedly include Mike Novogratz’s crypto-focused merchant bank, Galaxy Digital Holdings. Symbiont’s blockchain and smart contract platform, Assembly, will be applied in capital markets. The offering purportedly allows financial institutions to share and verify data, and uses smart contracts to accelerate settlement times for syndicated loans and streamline mortgage bond markets. According to Bloomberg, Symbiont will use the funds to work on private equity, mortgages, data management, and…

Nasdaq Leads $20 Million Funding Round for Blockchain Startup Symbiont

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Enterprise blockchain startup Symbiont has closed a $20 million Series-B funding round led by Nasdaq Ventures with participation from Galaxy Digital, Citi, Raptor Group and others. The firm, which has kept a fairly low profile the last two years as the cryptocurrency market’s gyrations overshadowed the enterprise sector, previously raised a combined $15.4 million from a seed round in 2014 and Series A in 2017. Symbiont CEO Mark Smith told CoinDesk that the firm doubled its staff last year, and now has more than 60 employees. “We have been very…

Funding Hate: The Far-Right’s Pivot to Crypto

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Cryptocurrencies were never apolitical. The fateful 2008 Satoshi Nakamoto treatise did not appear in an ideological vacuum: Notions of online privacy, proactive use of cryptography for protecting individual freedom, and denationalization of currency that informed the Bitcoin creator’s vision had been brewing for at least two decades, at least since the rise of the cypherpunk movement in the early 1990s. The libertarian spirit of individual sovereignty and suspicion of governments and central banks has dominated the intellectual milieu where the concept of digital cash was forged and developed into a working…

Draper Associates Leads $5 Million Funding Round for Blockchain-Based ID Platform

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Iceland’s blockchain-based identity verification platform Authenteq has raised $5 million in a funding round led by Draper Associates and Capital300, the American tech website VentureBeat reports on Jan. 14. Following the two-week funding round, the company revealed its intention to conduct the second closing of the Series A financing for additional investors in the coming weeks. The latest $5 million closing was held on Jan. 10, while the total amount raised constitutes $7 million over seven rounds since 2015, according to business data provider Crunchbase. Authenteq funding rounds and key…

Blockchain is Boosting the Health Sector by Unifying Patient Data and Increasing Funding for Medical Research

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People are living longer in the 21st Century, but what’s less recognized is that, despite our increasing longevity, we’re also getting sicker. According to research, the number of people over 65 afflicted with at least four medical conditions is on course to rise by 100 percent by 2035. As can be imagined, such a jump in illness is going to place an increasingly heavy burden on medical institutions and services, with the implication being that we — as a global community — need to find new, innovative ways of dealing…