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.