Nivaura to Raise $20M in Round Led by LSEG

As reported, the London Stock Exchange Group acquired a minority stake in Nivaura for an unnamed amount
28 February 2019   365

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.

South Koreans to Invest in Crypto Actively

In addition to the investment amounts, the share of those interested in investing in digital assets also increased
22 April 2019   80

The average amount of investments in cryptocurrency from South Korean invesetprs is $ 6,100, which is 64% more than last year, Cointelegraph reports.

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto exchange, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price jump and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.