The London Stock Exchange Group led an investment round of 20 million dollars from fintech startup Nivaura. This startup is responsible for developing the first blockchain based bonus.
According to a source, LSEG paid an undisclosed amount for a minority share in Nivaura. The startup provides blockchain solutions that automate the issuance and settlement of financial instruments, including bonds and tokenized securities. In addition to the LSEG, the investment arm of Banco Santander, Santander InnoVentures, joined the investor round of Nivaura.
Nikhil Rathi, head of international development at LSEG, told that Nivaura’s investment is in line with the operator’s aspirations to incorporate new technologies that serve to diversify products, provide efficiency gains and encourage growth.
According to Nivaura, the tokenization of debts and equities will reduce the processing time of financial instruments by up to 80%. And drastically reduce the costs of raising capital.
In this way, the startup said that its platform is a modular solution that facilitates the automation of the entire life cycle of a financial institution. In addition, the platform also allows its issuers to easily access the financial market. And connect with existing technology platforms. Such as settlement systems or blockchain infrastructures.
In this way, the recognition of the effectiveness of the implementation of blockchain technology for financial instruments continues to increase.