The Singapore-based venture capital company has launched a new fund in an effort to boost investments in the blockchain technology startups.
KPMG International and CB Insights revel in a new report that 2015 was very successful for VC-backed fintech firms that have managed to set a new record in funding.
Blockchain companies continue attracting funds all over the world while French political parties attack the technology in their new report.
Blockchain has appeared to be in the limelight of multiple financial companies within the past year. This digital public database is redefining what is possible within the fintech ecosystem and beyond.
Final round increased the total sum of investment to $60 million.
Don Duet states that blockchain can disrupt the existing financial system.
Only 14% of those interrogated predicted that banks can suffer from financial technology disruption.
The blockchain holds huge promise for the future of the financial industry, with the world’s leading organizations developing solutions based on the bitcoin technology.
Goldman Sachs has developed a new cryptocurrency using the blockchain technology.
Chinese peer-to-peer online lender Lufax is planning to raise $1 billion next year in an attemp to reach a value of between $15 and $20 billion.
The world’s first truly international Bitcoin bank NextBank is preparing to launch during 2016 after successfully raising 950 000 USD seed investment capital. NextBank is now taking early registrations.
Even though investments in Bitcoin startups have recently decelerated, financial institutions like American Express are still getting more interested in the potential of BItcoin.