San Francisco based enterprise blockchain platform, Chain Inc., raised $30m in Series B funding, by investors such as Citi Ventures, Capital One, Nasdaq and more. The company is working together with institutions to build new trading and transferring systems on top of the blockchain.
Chain Inc. works with banks to develop a new system of trading and transferring assets Bitcoin continues to be a controversial digital currency. But the financial world is buzzing about new applications for the blockchain, the underlying technology that makes Bitcoin possible. Some of the biggest companies in the financial sector have invested $30 million in Chain Inc., a San Francisco-based company that works with banks and other institutions to develop ways to trade and transfer financial assets using the system that underpins the virtual currency Bitcoin. Investors include Visa Inc., Nasdaq Inc., Citi Ventures, Capital One Financial Corp., Fiserv Inc. and Orange SA.