• Latest
Blockchain Finance Startup Clearmatics Raises $12 Million in New Funding

Blockchain Finance Startup Clearmatics Raises $12 Million in New Funding

October 10, 2018
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Tech

Blockchain Finance Startup Clearmatics Raises $12 Million in New Funding

coinnewsdaily by coinnewsdaily
October 10, 2018
in Tech
0
Blockchain Finance Startup Clearmatics Raises $12 Million in New Funding
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

Blockchain finance firm Clearmatics Technologies has raised over $12 million in a Series A funding round led by venture capital firm Route 66 Ventures.

Additional investment in the funding round came from private equity firm TNF Capital and XTX Ventures, the venture capital arm of electronic market-making firm XTX Markets.

As part of the arrangement, Samir Khosla, a managing partner at TNF Capital, will join Clearmatics’ board of directors.

Khosla said his company was pleased to deepen its commitment to Clearmatics and praised “its exceptional team under the leadership of Robert Sams, a visionary innovator, bringing transformative change to financial market infrastructure.”

Founded in 2015, Clearmatics has adapted the ethereum blockchain to build “Decentralised Clearing Networks”,  which are private, member-owned networks designed to automate the lifecycle of financial derivative contracts without the need for third parties. The firm notably boasts ethereum founder Vitalik Buterin as an adviser.

Back in May of this year, the firm teamed up with Axoni for a milestone demonstration of how a financial derivative could instigate a cross-chain atomic transfer of value between two distinct networks. It represented the first time a derivatives contract had been originated on one enterprise blockchain and settled on another.

Elsewhere, Clearmatics is the technology provider to the Utility Settlement Coin Project (USC), a consortium of 17 banks and financial institutions creating a new digital cash instrument collateralized by central bank money.

That effort was the focus of some recent jockeying by fellow enterprise-focused startup R3. As reported by CoinDesk last month, R3 tried unsuccessfully to muscle in on the USC project, proposing that it be built on the Corda platform. However, the idea was unanimously rejected by the 17 consortium members when put to a vote.

With the latest funding, Clearmatics said it plans to expand its team (currently there over 30 staff between its headquarters in London and Silicon Valley) and also launch a Protocol Provider service next year to support the go-to-market of the USC project.

“We are very excited to be working with investors who are so committed to disrupting legacy market structure through technology,” Clearmatics CEO Robert Sams said in a statement.

Business and money concept image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.



Credit: Source link

Tags: CEOCrypto TechDigital Currency Groupmanaging partnermedia outletventure capital
Share76Tweet48
Previous Post

PBoC Op-Ed Pushes Use Case for Yuan-Pegged Crypto Stablecoins

Next Post

Gemini Taps Wall Street Exec to Attract Institutional Crypto Investors

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
green gaming
Business

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
axie infinity: what are the minimum android phone requirements to play on mobile
Alt Coin

Axie Infinity: What Are the Minimum Android Phone Requirements to Play on Mobile

April 21, 2022
Load More
Next Post
Gemini Taps Wall Street Exec to Attract Institutional Crypto Investors

Gemini Taps Wall Street Exec to Attract Institutional Crypto Investors

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$27,991.001.25%
  • ethereumEthereum(ETH)$1,774.311.32%
  • tetherTether(USDT)$1.00-0.68%
  • binancecoinBNB(BNB)$328.701.66%
  • rippleXRP(XRP)$0.452152-0.31%
  • cardanoCardano(ADA)$0.3566860.48%
  • dogecoinDogecoin(DOGE)$0.0745920.35%
  • matic-networkPolygon(MATIC)$1.112.40%
  • solanaSolana(SOL)$21.012.48%
  • polkadotPolkadot(DOT)$6.052.10%
  • litecoinLitecoin(LTC)$93.892.06%
  • shiba-inuShiba Inu(SHIB)$0.0000110.63%
  • tronTRON(TRX)$0.0644440.77%
  • daiDai(DAI)$1.00-0.29%
  • chainlinkChainlink(LINK)$7.262.81%
  • cosmosCosmos Hub(ATOM)$11.321.18%
  • leo-tokenLEO Token(LEO)$3.462.18%
  • moneroMonero(XMR)$161.87-0.78%
  • ethereum-classicEthereum Classic(ETC)$20.391.24%
  • okbOKB(OKB)$41.971.32%
  • stellarStellar(XLM)$0.0924681.49%
  • bitcoin-cashBitcoin Cash(BCH)$124.44-0.54%
  • filecoinFilecoin(FIL)$5.715.84%
  • crypto-com-chainCronos(CRO)$0.0693300.80%
  • vechainVeChain(VET)$0.0229520.57%
  • algorandAlgorand(ALGO)$0.2118452.52%
  • internet-computerInternet Computer(ICP)$4.992.14%
  • eosEOS(EOS)$1.142.76%
  • elrond-erd-2MultiversX(EGLD)$42.911.61%
  • tezosTezos(XTZ)$1.142.99%
  • aaveAave(AAVE)$72.932.01%
  • theta-tokenTheta Network(THETA)$1.021.33%
  • neoNEO(NEO)$12.322.85%
  • havvenSynthetix Network(SNX)$2.471.56%
  • paxos-standardPax Dollar(USDP)$1.00-0.64%
  • bitcoin-cash-svBitcoin SV(BSV)$36.66-0.58%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.760.93%
  • dashDash(DASH)$59.671.69%
  • makerMaker(MKR)$672.170.46%
  • huobi-tokenHuobi(HT)$3.700.94%
  • iotaIOTA(MIOTA)$0.2113952.43%
  • zilliqaZilliqa(ZIL)$0.0274551.85%
  • zcashZcash(ZEC)$36.301.71%
  • basic-attention-tokenBasic Attention(BAT)$0.2485324.99%
  • nemNEM(XEM)$0.0394811.47%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • qtumQtum(QTUM)$3.141.07%
  • kusamaKusama(KSM)$33.743.79%
  • compound-governance-tokenCompound(COMP)$42.771.71%
  • bitcoin-goldBitcoin Gold(BTG)$16.38-1.19%
  • yearn-financeyearn.finance(YFI)$8,436.251.96%
  • omisegoOMG Network(OMG)$1.850.31%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • golemGolem(GLM)$0.239527-0.55%
  • wavesWaves(WAVES)$2.160.94%
  • ontologyOntology(ONT)$0.2313924.39%
  • sushiSushi(SUSHI)$1.053.37%
  • digibyteDigiByte(DGB)$0.0096831.95%
  • umaUMA(UMA)$2.051.02%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%