Nivaura, a startup tokenizing traditional financial instruments, has raised $20 million from investors led by the London Stock Exchange Group.
A structured note is being issued on the ethereum blockchain, with an identical one settled on a traditional clearing house to test the cost savings.
Capital markets startup Nivaura has developed a floating rate bond using blockchain tech, and it's already being tested by Santander and others.
Blockchain startup Nivaura will today initiate its first bond denominated in ether. And, notably, the issuance will be conducted on a blockchain.
Blockchain startup Nivaura has been granted "restricted" permission from a UK regulator to issue and administer financial instruments.