Blockchain technology firm ConsenSys has raised $65 million from major banks and financial services firms including J.P. Morgan, Mastercard and UBS Group to fund its growth and global expansion.
Other investors who participated in the funding round include blockchain companies Protocol Labs, the Maker Foundation, Fenbushi and The LAO.
ConsenSys acquired JPMorgan’s marquee blockchain unit, Quorum, in August last year. As part of the deal, the bank also made a strategic investment in ConsenSys.
Brooklyn-based ConsenSys is a prominent blockchain startup that grew rapidly during the 2017 crypto bubble. It was founded by Joe Lubin, one of the co-founders of ethereum, the world’s most popular cryptocurrency after bitcoin.
ConsenSys underwent a restructuring last year to separate its core software business from its investment activities arm.
The company’s clients include Microsoft Corp, Amazon Web Services, Ernst and Young and Procter & Gamble Co, its website showed.
ConsenSys’ protocols group is also building Central Bank Digital Currencies for six central banks, the company said.