The London Stock Exchange Group (LSEG) has reportedly led a $20 million investment round in a fintech startup called Nivaura, which is behind the issuance of the first automated cryptocurrency-denominated bond.
London Stock Exchange Invests in Tokenization Startup
The LSEG has led an investment round worth $20 million in the startup Nivaura, Reuters reports. The stock exchange has paid an undisclosed amount to acquire a minority stake in the startup.
Other investors in the round include Santander InnoVentures which is Banco Santander’s venture capital arm.
Nivaura is the company behind the reportedly first crypto-denominated and blockchain-settled bond in 2017.
According to the Head of International Development at LSEG, Nikhil Rathi, the investment in Nivaura falls in line with the stock exchange’s plans to leverage new…