Copy link
Increase text size
Decrease text size
Link copied

Blockchain-based smart contract startup Clause secures $5.5M led by Galaxy Digital

Fri, 28 Jun 2019, 06:37 am UTC

Clause, a provider of blockchain-based smart legal contracting, has secured $5.5 million in a Series A round, spearheaded by Galaxy Digital.

According to CoinDesk, the funding also received a strategic investment from new investors including DocuSign and Block.one-backed EOS Venture Capital Fund and existing ones such as BN Capital and Seedcamp.

Founded in 2016, Clause provides blockchain-based systems that enable the creation, storage, and maintenance of digital contracts for businesses. However, it can also provide the same services independent of blockchain technology through existing platforms such as PayPal and Stripe.

It’s blockchain-agnostic and also blockchain-independent,” Clause CEO Peter Hunn said. “What we mean by that is you can run Clause without the blockchain infrastructure at all. You could just have a contract that you sign using an e-signature service that then initiates a payment through Stripe or Paypal that you connect to that agreement.

In addition, two new executives will sit on Clause’s board of directors, including Greg Wasserman, Galaxy Digital’s Co-Head of Principal Investments, and Mike Dinsdale, Gusto’s CFO. E

They both bring a wealth of enterprise experience,” Hunn said, adding that their “experience is very useful for Clause as it begins to grow into a much larger organization.”

This news follows after Galaxy Digital expanded its services, offering cryptocurrency options contracts trading, with an aim to hedge the “inherent volatility risk” or cryptocurrencies. The crypto investment bank of former hedge fund manager Mike Novogratz also recently participated in the Series A funding of Spring Labs to use blockchain technology to address fraud issues in the auto financing market.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,412.98 (+0.73%)
  • Ethereum (ETH) $162.98 (+1.47%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $322.10 (+2.75%)
  • Bitcoin SV (BSV) $269.54 (+1.31%)
  • Bitcoin (BTC) $8,412.98 (+0.73%)
Jan 24, 2020 (Friday)
12:24
Ripple CEO Brad Garlinghouse hints at the possibility of IPO
11:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:50
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:37
Japan ruling party lawmakers to propose digital yen in February: Report
11:00
Hackers becoming more sophisticated as crypto exchanges bolster security measures: Chainalysis
10:24
Crypto Technicals: XRP/USD slips below 21-EMA, more weakness to follow
10:23
Tether launches new stablecoin backed by physical gold
09:49
Crypto exchange ErisX partners with Etale to offer new trading features
09:23
World Economic Forum launches blockchain-based supply chain traceability platform
08:17
Crypto Technicals: LTC/USD holds above 51 mark, finds strong support at daily cloud
07:36
Liechtenstein's Financial Market Authority approves ethereum-based real estate tokenized fund
06:57
Greece to extradite alleged BTC-e operator Alexander Vinnik to France after supreme court ruling
05:26
Agribusiness blockchain initiative Covantis selects ConsenSys as technology partner
04:44
Crypto exchange Binance invests in blockchain startup Numbers
04:24
Crypto Technicals: ETH/USD holds above 21-EMA and cloud support, further weakness on charts
04:23
Indian IT firm Mphasis to develop blockchain privacy-enhancing tech solutions with QEDIT
04:04
Crypto Technicals: BTC/USD extends weakness, eyes next major support at 110-EMA (8134)
Jan 23, 2020 (Thursday)
13:26
Amun lists inverse bitcoin ETP on SIX Swiss Exchange
12:32
World Economic Forum creates framework to help central banks design and deploy CBDC
11:52
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft