Timechain ecosystem, a DeFi altcoin project, joins the Fireblocks network. Microsoft is investing in Ethereum developer ConsenSys, and the Stellar Foundation has announced a $30 million investment fund. We have compiled the important developments regarding these three altcoin projects for the readers of Kriptokoin.com.
DeFi altcoin Timechain ecosystem joins Fireblocks network
Timechain, a multi-product solution architecture for asset management and liquidity logistics in DeFi, has signed a key partnership towards enterprise adoption. According to the official announcement shared by the Altcoin team, it has entered into a long-term strategic partnership with Fireblocks, an enterprise-grade platform for digital asset storage.
With this partnership, Timechain’s services are extended to a number of major global banking institutions. It will apply to ‘over-the-counter’ trading services, wealth management platforms, liquidity providers and hedge funds.
Microsoft invests in Ethereum developer ConsenSys
According to a Tuesday press release, Ethereum software developer ConsenSys is valued at $450 million during the Brooklyn, New York-based company’s Series D funding round. rose to $7 billion after the Blockchain-focused alternative investment firm ParaFi Capital spearheaded the big funding round. In particular, investors include technology giant Microsoft, as well as SoftBank’s Vision Fund 2.
Known for developing the popular MetaMask cryptocurrency wallet, ConsenSys has more than doubled its $3.2 billion in November thanks to its $200 million Series C funding round. The tour included participants such as banking giant HSBC and UK-based hedge fund Marshall Wace.
Stellar Foundation announces $30 million investment fund
The Stellar Development Foundation on Tuesday announced a $30 million matching fund for developers developing applications on Stellar’s Blockchain. The new fund will cover investments of up to $500,000. According to the press release from the foundation, initial investments go to four projects. One of the investments is in Trace Finance, a platform that helps startups in Latin America access finance using stablecoins.
One of the fund’s first portfolio companies, Bitwage provides payroll, invoicing and benefits services to freelancers with a focus on Latin America. One of the top four buyers, Atriex is a payment app that provides remittance services in Africa. The other buyer, FanVestor, is a crowdfunding platform that aims to connect the creators of Non Fungible Tokens (NFT) with customers.
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