Investments

Blockchain startup Nivaura gets funding from London Stock Exchange Group

February 27, 2019, 5:23AM EDT

Nivaura, a blockchain fintech, has closed its second seed extension round, raising $20 million across all rounds, CoinDesk reports. The investment round was led by the London Stock Exchange Group, with Santander InnoVentures, law firms Linklaters and Orrick, and Transamerica Ventures amongst the participants.

The company is working on automated issuance and administration of financial instruments, such as loans, bonds and structured notes. It has recently teamed up with UK-based platform Fineqia to issue tokenised bonds on a public Ethereum blockchain. According to Nivaura CEO, Dr Avtar Sehra, the company is aiming to launch “a series of high-profile, large-scale projects” in cooperation with its partners.

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