On Friday Iceland-based Monerium
announced it has raised seed funding of $2 million led by Crowberry Capital and including ConsenSys and Hof Holdings. The company aims to issue regulated, asset-backed e-money on the Ethereum blockchain. Others call this a stable coin.
The ConsenSys investment is facilitated by Coven the new co-venturing initiative. Last month the blockchain venture studio announced a significant
belt-tightening following Ether’s declining value. ConsenSys venture
Trustology also announced an external round of funding.
Sveinn Valfells, CEO of Monerium, commented that “Monerium has a clear vision to bridge fiat money and blockchains”. The company has applied to become a licensed financial services company. Valfells continued: “It was when working with ConsenSys shortly after the launch of Ethereum, that we first identified e-money as a key catalyst for mainstream blockchain adoption.” Members of the founding team were involved with Ethereum at the pre-sale stage.
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