London Stock Exchange Leads $20M Investment Into Blockchain Startup
The LSEG has led an investment round worth $20 million in the startup Nivaura, Reuters reports. The stock exchange has paid an undisclosed amount to acquire a minority stake in the startup.
Other investors in the round include Santander InnoVentures which is Banco Santander’s venture capital arm.
Nivaura is the company behind the reportedly first crypto-denominated and blockchain-settled bond in 2017.
According to the Head of International Development at LSEG, Nikhil Rathi, the investment in Nivaura falls in line with the stock exchange’s plans to leverage new technologies to develop products, support growth, and boost efficiency.