Blockchain infrastructure provider Chain Inc. announced Thursday it has raised $30 million in equity funding from a syndicate of prominent players in the financial and payments industries, including Capital One, Citi Ventures, Fiserv, Nasdaq, Orange and Visa. Jim Robinson III, a former American Express CEO and RRE Ventures founder, has joined Chain’s board of directors.
The San Francisco-based company’s newest partners will also join it in creating a Blockchain Working Group to examine the application of this technology in numerous markets and adopt a collaborative approach to interoperability. Chain said in its press release that the group will hold bi-annual meetings that will also include leading technologists, academics and researchers working on blockchain technology.
“A blockchain is more than a financial technology – it’s a strategy,” said Chain CEO Adam Ludwin in the press release. “Applied intelligently, blockchain networks fundamentally improve how assets move between parties, and we are thrilled to be partnering with the organizations we believe are best positioned to capitalize on the inevitable changes in market structure that are