The London Stock Exchange led a $ 20 million round of financing for the blockchain-startup Nivaura

Focusing on the capital markets of blockchain-start-up Nivaura raised a total of $ 20 million after it closed an additional third round of seed investment. The campaign was led by the London Stock Exchange Group (LSEG), CoinDesk reports.

Santander InnoVentures, Linklaters and Orrick law firms, which are part of Aegon’s large insurance group, venture division of Transamerica Ventures, MiddleGame Ventures and Digital Currency Group Barry Silbert, acted as other investors. Also, part of the investment came from the former head of HSBC global markets Spencer Lake.

Nivaura received initial investment in October 2017, extending the round in January 2018. The company did not disclose the details of all three rounds, saying only that the last of the bottom turned out to be “significantly more than the previous two”. Thus, it can be assumed that most of these $ 20 million was raised in the last round.

The received funds the company plans to focus on expanding the staff in all areas, including machine learning and natural language processing, access to the US and Asian markets, as well as further funding of its R & D efforts.

In November 2017, Nivaura released the first of its kind Ethereum-based bonds, information on transactions in which is entered into a public blockchain. The issuance of such bonds was part of an experiment designed to determine whether the exclusion of a financial intermediary could make this investment instrument accessible and popular among small businesses. The company also actively experimented with a bitcoin blockchain.

Currently, the company aims to use blockchain to automate the entire life cycle of issuing financial instruments (bonds, stocks and derivatives), eliminating human intervention and allowing companies to be responsible for this process.

Recall that last week $ 125 million was attracted by investment company Pantera Capital to open a venture fund focused on blockchain and cryptocurrency.

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