Cryptocurrencies
ConsenSys Wins JPMorgan, UBS Backing Amid Crypto Demand Surge
- Investors include JPMorgan, Mastercard, UBS and Protocol Labs
- Money will go to software development and more applications
Employees work at the Brooklyn ConsenSys office in 2018.
Photographer: Holly Pickett/BloombergThis article is for subscribers only.
ConsenSys, the Ethereum blockchain development studio, raised $65 million from investors including JPMorgan Chase & Co., UBS Group AG and Mastercard Inc.
The outside fundraising is the first for ConsenSys since its formation in 2014, a rarity in the crypto world. It comes after the Brooklyn, New York-based based company reorganized last year to separate its software-development unit from its investing and incubation activities, and bought the Quorum blockchain business from JPMorgan.