Yesterday, DLT firm Baton Systems announced a $4 million investment from Illuminate Financial.
The funds extend the $12 million Series A raised a few months ago and led by Trinity Ventures.
Founded in 2016, Baton is developing a DLT bank-to-bank infrastructure, without the need for overhauling the current systems. Its platform enables all stakeholders to clear and settle transactions in real-time while providing better transparency. Baton acts as a gateway between bank ledgers for real-time reconciliation without manual intervention.
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