Blockchain Finance Startup Clearmatics Raises $12 Million in New Funding

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Blockchain finance firm Clearmatics Technologies has raised over $12 million in a Series A funding round led by venture capital firm Route 66 Ventures. As part of the arrangement, Samir Khosla, a managing partner at TNF Capital, will join Clearmatics' board of directors. Additional investment in the funding round came from private equity firm TNF Capital and XTX Ventures, the venture capital arm of electronic market-making firm XTX Markets. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Business and money concept image via Shutterstock The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a .

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Blockchain finance firm Clearmatics Technologies has raised over $12 million in a Series A funding round led by venture capital firm Route 66 Ventures.

Additional investment in the funding round came from private equity firm TNF Capital and XTX Ventures, the venture capital arm of electronic market-making firm XTX Markets.

As part of the arrangement, Samir Khosla, a managing partner at TNF Capital, will join Clearmatics' board of directors.

Khosla said his company was pleased to deepen its commitment to Clearmatics and praised "its exceptional team under the leadership of Robert Sams, a visionary innovator, bringing transformative change to financial market infrastructure."

Founded in 2015, Clearmatics has adapted the ethereum blockchain to build "Decentralised Clearing Networks",  which are private, member-owned networks designed to automate the lifecycle of financial derivative contracts without the need for third parties. The firm notably boasts ethereum...

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