ConsenSys closes financing round, with over 65 million US dollars


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ConsenSys will use the funds raised to accelerate the merger between DeFi and companies ‘ blockchain infrastructure

Ethereum software company ConsenSys yesterday announced the completion of a financing round of more than US $ 65 million involving Mastercard, J. P. Morgan and UBS, among others. Other investors from the blockchain world included Alameda Research, Maker Foundation, Protocol Labs, The LAO and Fenbushi. Some of them invested with the Ethereum-based stablecoins USDC and DAI. The funds raised will be used to accelerate the merger between DeFi and Blockchain infrastructure company.

Joseph Lubin, founder of ConsenSys and co-founder of Ethereum, explained: “The software stack from ConsenSys provides access to a new automated objective basis of trust, which is made possible by decentralized protocols such as Ethereum. In addition to leading crypto companies, we are proud to be able to work with outstanding financial companies to further bring together the central and decentralised financial sectors at this particularly exciting time of growth for ConsenSys and the entire industry.“

ConsenSys not only contributes to the development of Ethereum 2.0, but also provides access to Ethereum-related protocols such as Filecoin and supports layer 2 Ethereum networks through its product range. These include MetaMask, Diligence, Codefi, Truffle, Infura and Quorum, which was acquired by J. P. Morgan in August 2020 as part of a partnership.

These products make Ethereum and Web3 more accessible to consumers, developers and businesses. Truffle is used by millions of developers to implement smart contracts, Infura’s APIs are used by over 150,000 developers, and MetaMask has over 3 million monthly active users. Together with the ConsenSys Protocols Group, Codefi develops digital central bank currencies (CBDCs) for six different banks.

Raj Dhamodharan, Vice president for digital assets and blockchain products and partnerships at Mastercard, added:: “Enterprise Ethereum is an important infrastructure on which we and our partners are building payment and non – payment applications to advance the future of commerce. Our multi-pronged strategy focuses on digital currencies, including helping central banks explore CBDCs. Thanks to our investment and partnership with ConsenSys, we can provide our customers with secure and efficient enterprise Ethereum capabilities. We believe that you will benefit from the robust, open-source Ethereum community when developing relevant, slakable solutions.“