ConsenSys Raises $65M from JPMorgan, Mastercard and UBS
Main page News, Fintech, Blockchain, Ethereum

ConsenSys, a blockchain-focused company, has announced it raised $65 million from JPMorgan, Mastercard, and UBS. According to a press release, the company also raised finds from Protocol Labs, the Maker Foundation, Fenbushi, The LAO, and Alameda Research.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

With the investments, ConsenSys will continue its commercialization of industry leading platforms as distribution channels for decentralized finance (DeFi) protocols. ConsenSys Co-Founder, Joseph Lubin, says the company's software stack represents access to a "new automated objective trust foundation enabled by decentralized protocols like Ethereum."

"When we set out to raise a round, it was important to us to patiently construct a diverse cap table, consistent with our belief that similar to how the web developed, the whole economy would join the revolutionaries on a next generation protocol," Lubin added.

ConsenSys Acquires Blockchain Developer Truffle

In August last year, ConsenSys acquired Quorum, a blockchain network based on the Ethereum blockchain and developed by JPMorgan. With the acquisition, ConsenSys offers a full range of products, services, and support for Quorum, accelerating the availability of features and capabilities.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error