Ethereum Startup ConsenSys Opens New London Office

Ethereum development startup ConsenSys is expanding to London.

AccessTimeIconNov 21, 2017 at 7:00 a.m. UTC
Updated Sep 13, 2021 at 7:11 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Ethereum development startup ConsenSys is expanding to London.

The firm's new "European Hub" will be based in the U.K. capital, the startup announced earlier this week. It's the latest office launch for the company, which is headquartered in Brooklyn, New York.

That ConsenSys would look to acquire new office space is perhaps unsurprising, given a recent hiring spree that saw it tap figures who hailed from companies like IBM and Oracle, among others. ConsenSys says that it has 450 employees working worldwide, representing a quadrupling of numbers in the past year.

"The European Hub signifies not only our commitment to servicing and investing in key European enterprises, governments, and partners, but also a recognition of the depth of blockchain talent and entrepreneurship in London and across Europe," Joseph Lubin, ConsenSys founder and co-founder of the ethereum project, said in a statement.

The firm is also reportedly tapping a financial services veteran to help it set up the new office in London. Deutsche Bank's former chief digital officer of global transaction banking, Ed Budd, will join ConsenSys's U.K. operation as it gets off the ground, according to EFinancialCareers.com. Budd's LinkedIn profile lists him as having begun working for ConsenSys this month.

Budd was one of Deutsche Bank's point people on blockchain, and during his time there the bank pursued applications in areas like the digitization of corporate bonds.

London Bridge image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.