Ethereum Startup ConsenSys Opens New London Office

Ethereum development startup ConsenSys is expanding to London.

Nov 21, 2017 at 7:00 a.m. UTC
Updated Sep 13, 2021 at 7:11 a.m. UTC

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

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

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

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
CoinDesk Cardano Price Index (ADX)

CoinDesk - Unknown
2
CoinDesk - Unknown
CoinDesk Smart Contract Platform Select Index (SCPX)

CoinDesk - Unknown
3
CoinDesk - Unknown
First Mover Asia: KuCoin Plans to Bolster DeFi Activity on Its Blockchain After $150M Raise; Cryptos Gain

The crypto exchange will add technical features to support developers and build on KuCoin's public blockchain; bitcoin outperforms ether.

The crypto exchange will add technical features to support developers and build on KuCoin's public blockchain; bitcoin outperforms ether.

CoinDesk - Unknown
4
CoinDesk - Unknown
CFTC Charges 2 Men With Running a $44M Crypto Ponzi Scheme

Sam Ikkurty and Ravishankar Avadhanam are accused of using YouTube videos to dupe would-be clients into investing in various crypto funds.

Sam Ikkurty and Ravishankar Avadhanam are accused of using YouTube videos to dupe would-be clients into investing in various crypto funds.

CoinDesk - Unknown