bitcoin cash support coinbase wallet
Coinbase Wallet Offers New Support for Bitcoin Cash
March 8, 2019
crypto news Crypto.com Offers Free Subscriptions With its MCO Visa Card
Crypto.com Offers Free Subscriptions With its MCO Visa Card | News
March 14, 2019

London Stock Exchange Group Invests Heavily in Blockchain Startup

london stock exchange group

The mixed news these days in the world of Bitcoin and cryptocurrencies may have investors on edge. However, recent crypto news sheds light on the London Stock Exchange Group continuing to bet heavily on emerging blockchain technology.

According to a post on ArmyOfBitcoin.com, the group recently announced a rather substantial investment into Nivaura. This startup lets companies issue debt on the blockchain. The resulting round of investing with this startup from all sources added up to $20 million US. One of the other companies investing with Nivaura is Santander InnoVentures as the Spanish bank’s venture capital entity. Also on the list are:
BetOnline Casino NBOL_Crypto_Banner_250x250

1. Linklaters and Orrick (two major law firms)
2, Allen & Overy; Transamerica Ventures (connected with asset management giant Aegon)
3. Spencer Lake (former head of global markets at HSBC)

When Will The London Stock Exchange Group Invest Heavily in Blockchain Startup?

Based in London, Nivaura has already established itself as a cutting edge fintech company. It utilizes a blockchain platform for issuing and administering corporate bonds, loans and equity. This company was also the driving force behind the world’s first automated cryptocurrency-denominated bond issue. This took place in November of 2017.

The new goal is to automate the whole life cycle for these financial instruments. More specially, it would allow a corporation to perform a self-service issuance. Nivaura’s CEO is Dr. Avtar Sehra. He recently told news outlet Euromoney:

“Nivaura’s platform streamlines and automates the entire end-to-end process of issuing financial instruments and their ongoing administration and lifecycle management. The technology has already been deployed across multiple asset classes including private placement vanilla bonds, more complex structured products and equity.”

Blockchain Can Expand The London Stock Exchange?

The major influx of working capital will allow the company to rapidly expand its leadership, business development and technical teams that are needed to accelerate growth in the field. The CEO went on to add:

“Our focus in 2019 is on conducting a series of high profile, large-scale products with high caliber partners to demonstrate our platform as a valuable solution across the full spectrum of capital markets primary issuance activities. Working with such partners with their wealth of experience will underpin our next phase of growth.”

Summary
London Stock Exchange Group Invests Heavily in Blockchain Startup
Article Name
London Stock Exchange Group Invests Heavily in Blockchain Startup
Description
See How The London Stock Exchange Group Invests Heavily in Blockchain Startup. Main Stream Investors And The Bitcoin Cryptocurrency World Has Mixed Feelings.
Author
Publisher Name
Army Of Bitcoin
Publisher Logo

Comments are closed.