BlockApps has raised $41 million (£31.4m) in funding for the expansion of its blockchain-as-a-service (BaaS) platform, STRATO.

STRATO is an Ethereum-compatible blockchain solution that helps enterprises bring more transparency and traceability to their operations.

The oversubscribed funding round was led by Liberty City Ventures, with participation from new investors Morgan Creek Digital, Eidetic Ventures, and Givic. Combined with a prior $9 million (£6.9m) financing...