Nasdaq leads way in £15 million funding for enterprise blockchain platform Symbiont

New York-based blockchain technology firm Symbiont.io has recently closed a £15.29m series B financing round, which was led by Nasdaq Ventures. Other investors included Galaxy Digital, Raptor Group, and Citi. The accumulated funds will be utilised to expedite deployments across various business areas, such as mortgages, syndicated loans, mortgages, and data management.

Apart from being an investor, Nasdaq will explore new business opportunities to use the company’s enterprise...

Ripple’s blockchain-based scholarship programme aims to secure best Chinese graduates

The Institute for Fintech Research at Beijing’s Tsinghua University (THUIFR) has partnered with US-based tech firm Ripple to announce the Blockchain Technology Research Scholarship Program (BRSP). The initiative aims to bring the best Chinese graduates together in 2019 to study industrial development and global blockchain regulations.

Along with their participation to this programme, the students will also have opportunities to take part in corporate events and visits....

Chronicled raises $16 million in series A funding round to expand networks and team

US blockchain-based smart supply chain platform builder Chronicled has raised $16 million (£12.4m) in a series A funding round led by Mandra Capital and with participation from Streamlined Ventures, The Perkins Fund, Frank Fiore, and David Aho.

Chronicled is currently piloting the MediLedger Network with a group of major companies, including manufacturers, solution providers, and distributors. It is also planning to launch the network commercially in 2019. The accumulated funds...

South Korea to waive tax on blockchain tech – reports

The South Korean Ministry of Strategy and Finance has added 16 areas to its research and development tax credit initiative – including blockchain technologies. According to TheNews.Asia, the proposed amendments to the enforcement decree of the 2018 tax law are scheduled to become effective in February. The country offers R&D tax break through a hybrid R&D tax credit and volume-based investment credit. The official document highlights 16 fields, which include fine dust reduction...

New York City still banking on blockchain – reports

The New York City Economic Development Corporation has said that its blockchain centre in Manhattan will be opening, according to a Bloomberg report. The initiative has taken place as a part of a partnership with venture-capital fund Future\Perfect Ventures and the Global Blockchain Business Council. New York itself has contributed $100,000 to the new Blockchain Centre, which will continue to raise funds via corporate partnerships and membership dues. The centre is opening at a time when...

Securitize raises £10 million for digitisation of legacy securities with blockchain

Securitize has accumulated £10 million in a recently held series A funding round led by Blockchain Capital. The company aims to offer a market-ready primary issuance platform for asset-backed security tokens on the blockchain, and has played an important role in the development of the digital securities industry, including issuances for SPiCE VC, Augmate, blockchain VC firm’s 22x, and the upgrade of Blockchain Capital’s digital security. The San Francisco, California-based company has...

IBM collaborates with Columbia University on accelerator programme for blockchain startups

IBM and Columbia University have announced two new accelerator programmes to establish and scale the next generation of blockchain innovation. These programmes will back 10 startups that are working towards building blockchain businesses and developing enterprise blockchain networks. As part of each programme, participants will explore best practices for building a blockchain network with technical, academic and business mentors from IBM and the University. The aim of the aforementioned...

CryptoKitties creator Dapper Labs secures $15 million to help consumer blockchain push

Dapper Labs, the creator of the CryptoKitties game, has raised $15 million in a financing round for a slightly more serious project – to help beef up consumer interest in blockchain technologies. The capital was led by Venrock, alongside GV – formerly Google Ventures – and Samsung NEXT. The funds will be used to help Dapper Labs to expand locally and globally, which will include establishing a US subsidiary to be led by former executives from Unity and Disney, with additional hires for...

Apple’s Steve Wozniak has co-founded a blockchain-powered VC firm

Apple’s Steve Wozniak has been announced co-founder of EQUI Global, a blockchain-powered venture capital firm focused on technology, confirming earlier murmurings of his involvement with a blockchain project. Founded by ‘billionaire’ businessman and investor Doug Barrowman alongside entrepreneur Baroness Michelle Mone OBE, EQUI Global plans to focus on non-institutional investments with ambitions to “disrupt” the venture capital industry. According to a press release, the...

Mayor of Seoul commits $108m to blockchain-powered smart city initiatives

The mayor of South Korea’s capital Seoul, Park Won-Soon, has committed to investing $108m (£83m) towards developing blockchain hubs within the city. Park’s announcement came amid a diplomatic visit to Zurich, where he announced plans to create two business complexes in Seoul which would become home to 200 blockchain-based companies by 2021. These hubs would also serve to train more than 700 experts in the technology over the course of the next five years. “There’s no doubt...