US-based SaaS blockchain orchestration platform Cion Digital, dedicated to R&D and crypto financing and payment solutions, plans to invest INR 50 crore in India and is hiring 100 + engineers with expertise in blockchain technology.
Cion Digital will be setting up an R&D centre in Pune.
Reserve Bank of India will launch a digital currency using blockchain and other supporting technology to accelerate digitalization in the country. India’s digital assets economy has been on a growth trajectory with over $6 billion worth of investments.
Cion Digital raised $12 million in seed funding in January 2022. The round was led by Green Visor Capital and 645 Ventures. Cota Capital, Epic Ventures, Hourglass Capital Partners, BAT Ventures, Greycroft and Ulu Ventures also participated.