Today Blockstream, the Bitcoin development house, announced a $210 million Series B funding round at a $3.2 billion valuation. Top ten UK investment manager Baillie Gifford is co-leading the round with iFinex, the operator of Bitfinex, the crypto exchange that’s banned in New York.
Baillie Gifford is interested in the use of the Bitcoin network for tokenized securities. “I am convinced of the potential of tokenized securities on the Liquid Network to be transformative for the architecture of capital markets,” said Allen Farrington of Baillie Gifford.
“Bitcoin-based development and Blockstream’s asset issuance and management platforms can contribute to meaningfully decentralizing financial infrastructure, democratizing control over investment products, and firmly embedding openness and programmability in capital markets.”
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