Investments • August 12, 2020, 7:50PM EDT
UPDATED: August 12, 2020, 7:56PM EDT

JPMorgan plans to lead ConsenSys’ $50m convertible note raise

Read the non-AMP story on Theblock.co
The Block

Quick Take

  • 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.