Blockchain firm Clearmatics raises $12m

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London-based blockchain firm Clearmatics has raised over $12 million to extend its work on blockchain interoperability and transaction privacy and to set up its “Protocol Provider service” next year to facilitate the launch of USC

The Series A funding round was led by private investment firm Route 66 Ventures and other investors including private equity firm TNF Capital and XTX Ventures, the venture capital arm of the quantitative-driven electronic market-making firm XTX Markets.

Sams, Clearmatics CEO, says: “We are very excited to be working with investors who are so committed to disrupting legacy market structure through technology. This investment will enable us to create further DCNs and build a peer-to-peer ecosystem over the entire trade lifecycle, from trade execution to settlement.”

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