ConsenSys, the leading Ethereum software company that last year acquired Quorum from JPMorgan, announced on April 13 the close of a $65 million funding round.
The deal didn’t attract quite as much attention as the direct listing the next day of Coinbase. That established a market capitalization of $86 billion for the leading cryptocurrency exchange, founded just nine years ago.
But the investments of three quite different groups of backers in ConsenSys offer an intriguing hint of the potential convergence between decentralized finance (DeFi), run through applications created by crypto-natives on the world’s biggest programmable public blockchain, with the kind of enterprise-scale permissioned-blockchain infrastructure that the biggest firms of the established financial order require to shift their activity onto new rails.
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