UBS’ Blockchain-Based ‘Digital Coin’ Gains Funds Raised by Partner Clearmatics

The utility settlement coin developed by Switzerland-based UBS in partnership with Clearmatics Technologies has gained its first round of funding thanks to UK-based Clearmatics. The initiative to link real-world fiat currencies with central bank accounts through a ‘settlement coin’ gained traction after Clearmatics completed its first round of funding. The blockchain-based settlement coin, dubbed ‘digital coin’ is seen as a means to help establish the block chain in global finance and change the global payment system. As reported by Bloomberg, investors include Nyca Partners, Route 66 Ventures LLC and Tellurian Capital Management, among others. Clearmatics founder and CEO Robert Sams […]

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