A-Team Insight Blogs

London Stock Exchange Invests in Cryptocurrency Startup Nivaura

Nivaura, a regulated fintech company that has developed a platform to automate primary issuance and administration of financial assets through a blockchain infrastructure, has closed a $20 million funding round from prominent partners including the London Stock Exchange (LSE).

The funding will allow Nivaura to expand, complete product development more quickly and meet clients’ increasingly complex automation needs with machine learning and natural language processing expertise. Nikhil Rathi, CEO of the LSE and director of international development, will join Nivaura’s board.

Nivaura was the first company invited to work in Allen & Overy’s Fuse tech innovation space and, with the support of the law firm, executed an automated cryptocurrency bond issuance that cleared, settled and registers on a public blockchain.

Avtar Sehra, Nivaura’s CEO, comments: “We’re seeing growing appetite from major financial institutions for practical innovation that goes beyond buzzwords and conceptual PoCs in ‘digital investment banking’. Boards are saying: go forth and innovate. But doing so in the highly regulated and complex world of capital markets is immensely difficult. With our now proven approach and compliance credentials, we are able to finally help our industry take practical steps to innovate and improve its economics.”

Leave a comment

Your email address will not be published. Required fields are marked *

*

Share article

Related content

WEBINAR

Recorded Webinar: Voice recording for communications surveillance under MIFID II/MAR

Don’t miss this opportunity to view the recording of this recently held webinar. To date, the industry’s regulatory compliance focus for upcoming European MiFID II and Market Abuse Regulation (MAR) has been on issues including the structure of trading facilities, systematic internalisation, governance, best execution and time-stamping. MiFID II and MAR also contain provisions, however,...

BLOG

Collaborating To Make FIX Go Fastest

It used to be that when FIX protocol communication was needed, a trading firm would simply buy an off-the-shelf gateway/engine, install it and treat it as a black box, much like a network router. But with the advent of multi-asset class automated trading – including algo and HFT – firms are looking to optimise the...

EVENT

TradingTech Summit New York City

Our TradingTech Summit in New York City is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

MiFID II handbook, third edition – How compliant are you?

Six months after Markets in Financial Instruments Directive II (MiFID II) went live, how compliant is your organisation? If you took a tactical approach to cross the compliance line on January 3, 2018, how are you reviewing and renewing systems to take a more strategic approach and what are the business benefits of doing so?...