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ConsenSys invests in Icelandic blockchain startup

The Blockchain start-up center ConsenSys took part in a round of investment by Iceland’s startup Monerium, which raised $ 2 million in capital. This was announced in a press release dated January 11th. One of the founders of the startup is the former Chairman of the Supervisory Board of the Icelandic Central Bank.

The largest investor was the investment company Crowberry Capital, and another participant was the Icelandic private investor Hof Holdings.

The startup Monerium was founded in 2016 and aims to “bridge the gap between fiat money and blockchain” by issuing so-called e-money.

Alongside Jon Helgi Egilsson, the former Chairman of the Supervisory Board of the Icelandic Central Bank, Gísli Kristjánsson, Hjörtur Hjartarson and Sveinn Valfells are among the founders of the company. It has a workforce of 14 employees based in Iceland, Sweden, the United Kingdom and the United States.

Monerium is currently awaiting approval to become a licensed financial services provider in the European Economic Area (EEA). The license is critical to the issuance of blockchain-based e-money and related services.

Andrew Keys, co-founder of ConsenSys, states in the press release that the investment in Monerium will help “build the necessary infrastructure for a decentralized future”.

This month, ConsenSys previously entered into a collaboration with chip maker AMD and asset manager Halo Holdings to jointly develop a blockchain-based cloud service. In addition, ConsenSys signed a letter of intent with the South Korean SK Group in December to develop a common block-chain business model based on smart contracts.


Also published on Medium.

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