The London Stock Exchange Group (LSEG) has led the $ 20 million investment round of the British Fintech startup Nivaura, Reuters reports. Nivaura provides blockchain solutions for issuing, clearing, and settling financial instruments, including tokenized securities and bonds.
According to Reuters, LSEG acquired a minority stake in Nivaura for an unnamed amount. In addition, the investors were the venture division Banco Santander, one of the leading transnational pension insurance and asset management companies AEGON, Digital Currency Group and others.
Head of international development LSEG Nikhil Rati told Reuters that investments in Nivaura are consistent with the plans of the exchange operator to contribute to the development of a new technology capable of diversifying its products, increasing efficiency and growth rate.
Nivaura claims that the tokenization of bonds and stocks can speed up transaction processing by 80%, as well as significantly reduce the cost of raising capital. The Nivaura platform is a modular solution that "automates the entire life cycle of a financial instrument." The platform also allows issuers of such instruments to easily access financial markets and can be used to connect existing technological platforms, such as clearing systems, with infrastructure on the blockchain.