Today, enterprise blockchain startup Blockchain Technology Partners (BTP) announced that it raised £2 million ($2.8m) in a seed round backed by the UK’s Force Over Mass and Germany’s Signature Ventures.
BTP is best known for its work supporting the Tel Aviv Stock Exchange to launch its blockchain securities lending platform. The French startup Liquidshare, which is backed by Euronext and Societe Generale, is also using BTP’s Sextant for DAML to deploy the smart contract language on its blockchain platform.
Sextant is BTP’s primary offering to make it easier for enterprises to deploy blockchain solutions. Most corporates are interested in the application, but to deploy a blockchain offering usually involves getting your hands dirty with blockchain infrastructure, creating a hurdle. That’s what Sextant aims to address. It started off supporting Hyperledger Sawtooth, which is a relatively niche blockchain, and more recently added Hyperledger Besu, a popular business-friendly Ethereum client that can work with both public and private Ethereum.
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