$30 Million In Blockchain Startup

INVIn another sign that Wall Street sees potential in Bitcoin technology, Visa, Nasdaq, Citi and other industry players invested $30 million in Chain.com, a blockchain developer platform that serves an enterprise market.

Additional investors include Capital One, Fiserv and French telecom Orange, the last of which hints at the potential for the blockchain to power mobile payments. The company also announced that former American Express CEO Jim Robinson III has joined Chain.com?s Board of Directors.

By Forbes estimates, this series B round of funding brings the San Francisco-based company?s valuation to nearly $150 million.?

The group of strategic investors, none of which directly competes with another, also could push the company closer to realizing its goal of bringing the more transparent, more secure, lower-cost technology behind Bitcoin, often called distributed or shared ledger technology, to financial services.

?We believe in the company and we think it is important to be close to the technology being developed. We?re putting our money where our mouth is in following and backing the company?s continued success and development,? says Jean-Jacques Louis, Nasdaq senior vice president of strategic initiatives.

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