TNF Capital participates in $12 million Series A funding round for blockchain finance firm Clearmatics Technologies

TNF Capital today announced their participation in the Series A funding round for blockchain finance firm Clearmatics Technologies LTD (“Clearmatics”).

The $12 million USD funding round will be used to help Clearmatics build the next generation of financial market infrastructure. Firms also participating in this financing round included Route 66 Ventures and XTX Ventures. As part of this announcement, Samir Khosla, Managing Partner at TNF Capital, will join the Clearmatics Board of Directors.

“We at TNF Capital are very pleased to deepen our commitment to Clearmatics through the Series A funding that builds upon the company’s excellent progress in delivering distributed ledger-based clearing networks”, said Khosla. “Its exceptional team under the leadership of Robert Sams, a visionary innovator, is bringing transformative change to financial market infrastructure. We see huge potential for  Clearmatics to trigger an exciting shift for wider market participants through its achievement of cross-chain interoperability.”

This financing round will enable Clearmatics to expand its team and accelerate its ongoing development work in permissioned, peer-to-peer networks, including its work on blockchain interoperability and transaction privacy. The company will also launch a Protocol Provider service next year to support the go-to-market of the Utility Settlement Coin Project, a consortium of 17 banks and financial institutions creating a new digital cash instrument collateralised by central bank money.

For more information, please visit the official news release.

Clearmatics highlighted in Blockchain Technology Market Report

Clearmatics, a TNF portfolio company, was highlighted today in a comprehensive report on Blockchain Technology in the Financial Services Market. The report, published by Research N Reports, sought to understand the complete setup of Blockchain Technology in Financial Services Market industries.

Other companies highlighted included IBM, Microsoft, Digital Asset Holdings, Everledger and Bitbond.

To learn more, please visit here.