Barclays Leads $5.5 Million Round for Blockchain Business Payments Startup
Barclays Bank has jointly led a $5.5 million Series A funding round for blockchain-based B2B payments startup Crowdz.
Coinbase has hired former Barclays markets veteran, Brett Tejpaul, to lead institutional coverage at the San Francisco-based crypto exchange.
Barclays is holding another hackathon to tackle the finance industry’s perennial problem of data silos. Again, blockchain will take center stage.
An HSBC representative said the bank has “limited appetite to facilitate products or securities that derive their value from virtual currencies.”
Barclays is no longer banking Coinbase, resulting in delayed fiat withdrawals and deposits for the crypto exchange's U.K. users.
Fresh off a $63 million fundraise, execs at bank blockchain consortium Fnality shed some light on the often-secretive project's plan to tokenize fiat currency.