Funding

Horizon secures $5 million in series A funding for blockchain as a service mission

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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.

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