Clearmatics startup raised $12 million in the development of the blockchain derivatives

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Specializing in financial solutions blockchain startup Clearmatics Technologies attracted $12 million in round of A Series funding led by Route 66 Ventures.

We are extremely excited to announce we have just completed our Series A fundraise led by @route66ventures with 12m+ USD raised including investment from Capital and TNF @xtxmarkets. Read more here: https://t.co/uHmn6aWto2

— clearmatics (@clearmatics) 10 Zhovtnya 2018 R.

Also contributed to the development of a startup TNF contributed Capital, XTX Ventures and the venture capital division of the company WF Markets. Managing partner TNF Capital Samir Khosla headed the Board of Directors Clearmatics.

Founded in 2015 the startup Clearmatics uses the Ethereum blockchain to build a private “networks of decentralized clearing”, which automatiseret financial derivatives and does not require the involvement of a third party. Among the advisors of the startup — Creator of Ethereum, Vitalik Buterin.

Through the use of technology atomic swaps in may of this year Clearmatics and Axoni demonstrated the ability to work in decentralized financial derivatives in different networks. Technology Clearmatics also uses the Utility Settlement Project Coin (USC), which is a consortium of 17 financial institutions.

The funds raised will allow Clearmatics to expand staff (currently the company employs 30 people) and run the following year, the service Provider Protocol.

ForkLog previously reported that the “daughter” of the Japanese Corporation SBI Holdings acquired a stake in the company Clear Markets, developing the technology for the digital assets.

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