ConsenSys announced on Tuesday it raised $65 million through its latest investment round. The blockchain company reported that J.P. Morgan, Mastercard, and UBS invested alongside blockchain companies, including Protocol Labs, the Maker Foundation, Fenbushi, The LAO, and Alameda Research. Additional investors include CMT Digital, Greater Bay Area Homeland Development Fund, SNZ Holding, NGC Ventures, Quotidian Ventures, and Liberty City Ventures.
Founded in 2014, ConsenSys describes itself as a blockchain company dedicated to transforming the world’s “digital architecture” into a more open, inclusive, and secure internet of value, commonly called Web3.
“With a more trustworthy internet architecture, ConsenSys builds software to help individuals, enterprises, and governments unlock new business models, gain efficiencies through a shared IT infrastructure, and utilize modern cryptographic methods to safeguard private user data.”
The investment round’s funding will be used to continue the acceleration of the convergence of decentralized finance (DeFi) and Web3 applications on Ethereum with enterprise blockchain infrastructure. Joseph Lubin, Founder of ConsenSys and Co-founder of Ethereum, spoke about the investment round by stating:
“ConsenSys’ software stack represents access to a new automated objective trust foundation enabled by decentralized protocols like Ethereum. We are proud to partner with preeminent financial firms alongside leading crypto companies to further converge the centralized and decentralized financial domains at this particularly exciting time of growth for ConsenSys and the entire industry.”
ConsenSys previously acquired Quorum from J.P. Morgan to further its commitment to and competitive position in the enterprise protocol ecosystem. ConsenSys is now an integrated Ethereum software company with products powering the blockchain developer and financial user experience, which are Codefi, Diligence, Infura, MetaMask, Truffle, and Quorum.