The enterprise blockchain company behind the Tel Aviv Stock Exchange’s (TASE) central blockchain securities lending platform has procured £2 million worth of funding.
Blockchain Technology Partners (BTP) announced yesterday that the seed round was led by Force Over Mass, a London-based venture capital firm, and Signature Ventures, an early-stage venture capital fund based in Munich and Berlin.
Early last year, TASE partnered with Blockchain Technology Partners (BTP) to put the finishing touches on its distributed ledger technology (DLT) securities lending project ahead of the platform’s launch in November 2020.
BTP was introduced to TASE by Intel and offered access to its management platform, Sextant, and to provide ongoing support after the launch. TASE provides a distributed service available to all Israeli market participants designed to increase market volumes and make securities lending available for more players.
Blockchain Technology Partners (BTP) was founded in 2018 with the mission to bring the benefits of distributed ledger technology to business. BTP enables organisations to build multi-party applications by taking care of the underlying technology infrastructure.
BTP CEO and co-founder Duncan Johnston-Watt says: “We are delighted to welcome Force Over Mass and Signature Ventures as investors. Force Over Mass’ focus on B2B software and Signature Ventures’ vision of a decentralised future are complementary and mesh perfectly with our own mission to accelerate the adoption of blockchain technology by enterprises across the board.”
