Horizon,a New York-based blockchain as a service (BaaS) solutions provider, hasannounced a $5 million (?3.85m) series A funding round in order to furtherenhance and boost the operations of its proprietary technology.
Thecompany offers full-stack digital securities issuance, compliance, andsecondary trading technology which it markets to licensed, regulated financialinstitutions globally. According to the company, this series A round willsupport the growth of Horizon’s software licensing business and itstrading-operations services.
Horizonhas also reached an agreement with a US broker dealer working to build anSEC-registered ATS. It has also signed agreements with regulated entities inAustralia and Brazil, and a MoU with the Antigua and Barbuda Ministry ofFinance & Corporate Governance to build secondary trading venues by makinguse of fintech solutions from Horizon.
HorizonCEO Brian Collins said: “We’re gearing up to help power a globally connectednetwork of regulated blockchain-trading venues which we believe have thepotential to drive the next generation of secondary market liquidity. Capitalmarkets are evolving right now, and we believe that Horizon is at the forefrontof this evolution with our proprietary end-to-end suite of blockchain solutionsand services that deliver a harmonized rule-book for transparent secondarytrading 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.