CONSENSYS-INVESTS-IN-ETHEREUM-BASED-STARTUP-ALLINFRA

Consensys Invests In Ethereum Based Startup Allinfra

ConsenSys just announced the funding of its new infrastructure investment company Allinfra. The blockchain and Ethereum based company made this public at a press conference today.

Although the precise figures involved in the investment are undisclosed, the new startup will receive technical support from ConsenSys as regards their token assets.

Welcome To Allinfra

Allinfra, with the use of the Ethereum blockchain, enables unlisted infrastructure assets gain access to direct deposits or investments. ConsenSys would provide full control over assets, such that users can buy, transfer or even create these assets. Access to Allinfra is not limited to institutional investors with deeper pockets but is also accessible to a wider investor audience.

“In the case of unlisted infrastructure, a traditionally restricted, and illiquid asset class, Allinfra will enable a wider audience to efficiently access and participate in the economic benefits of these assets,” said Joe Lubin, the founder of ConsenSys at the press release.

He also added that these solutions would create a more open and equitable market environment.

The co-founder of Allinfra, Dave Sandor stated in anticipation that in a few months, Allinfra “will be in the market supporting a flagship infrastructure tokenization project.”

It was reported earlier this year that ConsenSys partook in a round of seed funding for Monerium, a startup designed to bridge the gap between blockchain tech and fiat money.

Last month,ConsenSys downsized its staff by as much as 13%. In response to the staff layoff, Vanessa Grellet, an executive director of the company, defined the move as a “natural movement”, as the company's’ growth rate is “a little bit fast”.

Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and EOS Price Analysis Watch (Feb 21st)

[FREE] Get Our Best Crypto Trading, Mining & Investing Hacks:

*Action Required* Enter Your Email To Get Insight For Trending Coin News & Reviews

I will never give away, trade or sell your email address. You can unsubscribe at any time.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

fifteen + fourteen =