Investments

Taiwanese Startup ITM Secures Pre-Series A Funding From MediaTek

  • This is MediaTek's first investment in a blockchain startup, but the semiconductor firm will not be involved in the development process.
  • ITM's new SDK will be adapted across apps and will cope with larger data input.

DeFi-Friendly Smart Wallet Startup Raises $12M

  • Argent's $12 million Series A funding round was led by the Sequoia Capital-backed fund Paradigm.
  • Thanks to previous partnerships, the wallet allows its users to to purchase cryptocurrency with their debit cards and Apple Pay accounts.

China’s Central Bank Blockchain Trade Platform To Receive $4.7M

  • The People's Bank of China has secured $4.7 million from the government for its blockchain-based trade platform.
  • Used by a network of 38 banks and 1,900 firms, the platform has already decreased corporate financing costs to bellow 6%.

BlockFi Raised $30M in Series B Round After a Period of Rapid Growth

  • BlockFi’s main aim in 2020 is to work towards mainstream crypto adoption.
  • Valar Ventures led the funding round and believes that BlockFi is one of the most successful companies it has invested in.

Wells Fargo Invests in Elliptic’s Series B Funding Round

  • The fresh $5 million investment will not only help Elliptic expand in Asia, but also fuel the roll out of a new products.
  • Elliptic's Series B round has now raised more than $28 million.

Nexo’s First Wave of Policy Change Going Live Today

  • Despite the early announcement, the market reaction only occurred as the changes were about to go live.
  • The company is also working on additional features that could increase the demand for Nexo tokens significantly.

Fidelity’s VC Arm Leads $13M Funding Round For Blockchain Startup Clear

  • The new capital will be used to expand Clear's 30-strong team and telecom operations, as well as to look into possible expansion in other industries.
  • Led by Fidelity's VC arm, the Series A funding round saw participation from a number of venture funds belonging to global telecoms leaders.

Samsung, Salesforce Invest in Blockchain Startup Digital Asset

  • The venture arms of Samsung and Salesforce participated in the second Series C funding round for Digital Assets.
  • The company was able to gather around $35 million in its first Series C funding round, which was held back in December.

Sony Financial Ventures Joins Funding Round For Securitize

  • Though the company has not specified the amount of the investment, it did say that it has now raised "more than $14 million".
  • The investment was an extension of Securitize's Series A funding round, which back in September saw investments from Santander and MUFG.

Saudi Aramco Invests $5M in VAKT, Joins Blockchain Platform

  • The investment will be used to further develop the VAKT platform and help expansion into new markets.
  • Saudi Aramco Trading will also become a users of the VAKT blockchain-based platform, which is currently in operation in the North Sea BFOET oil market.