JPMorgan plans to lead ConsenSys’ $50m convertible note raise
August 12, 2020, 7:50PM EDT · 2 min read
- JPMorgan is set to lead a fundraise for Ethereum infrastructure firm ConsenSys, according to two people briefed on the deal.
- The bank is said to be making a strategic $20 million investment.
- The firm is raising convertible debt while in parallel, a deal is in the works in which ConsenSys will take on JPMorgan’s Quorum assets.
The Block has learned that JPMorgan is on the cusp of investing $20 million in the Brooklyn-based, Ethereum-focused company.