The software company focused on the Ethereum network, ConsenSys, announced on Tuesday (13) that it has completed its financing round. In total, a total of US $ 65 million was raised.
That is, just over R $ 370 million, at the current price in reais. The round was led by traditional financial services giants like JPMorgan, Mastercard and UBS.
According to ConsenSys, the investment will be aimed at accelerating the convergence of decentralized financial applications (DeFi) and Web3 in Ethereum.
ConsenSys wants to accelerate DeFi adoption
As the company informed in a press release, the amount was collected via convertible notes.
In addition to the institutions already mentioned, leading blockchain companies, including Protocol Labs, Maker Foundation and Alameda Research, participated in the round.
According to ConsenSys, 2020 was a period of evolution and strategic growth. Last year, the company underwent a restructuring and also acquired Quorum from JPMorgan.
Like reported o CriptoFácil at the time, the purpose of the acquisition was to deepen its commitment to the business protocol ecosystem. In addition, the company stated that it contributes significantly to Ethereum 2.0.
The company now plans to accelerate conventional Web3 adoption. To this end, it is focused on marketing its platforms as distribution channels for the main DeFi protocols.
In this way, ConsenSys intends to boost the convergence of traditional and decentralized finance.
DeFi: next generation protocol
Regarding the investment round, Joseph Lubin, founder of ConsenSys and co-founder of Ethereum, commented:
“When we set out to create a round, it was important for us to patiently build a diverse table of limits, consistent with our belief that, similar to the way the web developed, the entire economy would join revolutionaries in a next generation protocol . ”
Lubin also said that ConsenSys software represents access to a new automated objective trust base, enabled by decentralized protocols such as Ethereum.
Raj Dhamodharan, executive vice president of digital assets at Mastercard, said Enterprise Ethereum is a key infrastructure for building payment applications to drive the future of commerce.
“We are fulfilling our multimarket strategy with a focus on digital currencies, including our work in support of central banks in the exploration of CBDCs.”
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