Horizon,
a New York-based blockchain as a service (BaaS) solutions provider, has
announced a $5 million (£3.85m) series A funding round in order to further
enhance and boost the operations of its proprietary technology.
The
company offers full-stack digital securities issuance, compliance, and
secondary trading technology which it markets to licensed, regulated financial
institutions globally. According to the company, this series A round will
support the growth of Horizon’s software licensing business and its
trading-operations services.
Horizon
has also reached an agreement with a US broker dealer working to build an
SEC-registered ATS. It has also signed agreements with regulated entities in
Australia and Brazil, and a MoU with the Antigua and Barbuda Ministry of
Finance & Corporate Governance to build secondary trading venues by making
use of fintech solutions from Horizon.
Horizon
CEO Brian Collins said: “We’re gearing up to help power a globally connected
network of regulated blockchain-trading venues which we believe have the
potential to drive the next generation of secondary market liquidity. Capital
markets are evolving right now, and we believe that Horizon is at the forefront
of this evolution with our proprietary end-to-end suite of blockchain solutions
and services that deliver a harmonized rule-book for transparent secondary
trading of securities using a blockchain.”
Additionally, Tribe Accelerator, a product development focused blockchain accelerator has announced that its second batch of nine startups has raised £12.1 million from external investors, including SGInnovate. The inaugural batch of 10 startups of Tribe Accelerator has raised £9.48m and another £16.9m is in the pipeline for both batches whose discussion with investors is going on.
Interested in hearing more in person? Find out more at the Blockchain Expo World Series, Global, Europe and North America.
The post Horizon secures $5 million in series A funding for blockchain as a service mission appeared first on The Block.
Credit: Blockchain News
