Mastercard Leads $65 Million Fundraiser for ConsenSys

Key Takeaways

  • Traditional financial institutions are investing in ConsenSys, a key player in the Ethereum development sphere. 
  • ConsenSys raised $65 million in this funding round.
  • Some of the participating investors are working on their own cryptocurrency and blockchain services.

ConsenSys, one of the largest companies in the Ethereum ecosystem, has raised $65 million from various companies.

ConsenSys Raises $65 Million

ConenSys has raised $65 million from industry heavyweights such as JP Morgan, Mastercard, UBS, and Maker Labs, among others.

This fundraiser marks ConsenSys’ first external funding round. It signifies the financial sector’s growing interest in cryptocurrency and will provide a large financial boost that may indirectly bolster development within the Ethereum ecosystem. 



In a press release, Mastercard commented on the company: “Mastercard’s blockchain patents and payment network, combined with ConsenSys’ deep blockchain development expertise will deliver a robust tech stack based on ConsenSys Quorum, an open-source protocol for enterprises built on Ethereum.”

Mastercard added that Enterprise Ethereum is being adopted by financial institutions and businesses. It noted that though it does not plan to support the ETH cryptocurrency itself or its public blockchain, its investment in ConsenSys will indirectly benefit the project.

Mastercard and JP Morgan’s Crypto Efforts

Both Mastercard and JP Morgan have pivoted towards blockchain and cryptocurrency-related projects over the past few years, further drawing the general public’s attention to cryptocurrency.



The firms are most likely joining forces with companies like ConsenSys to get closer to various crypto projects. Their investments will also give them some input on ConsenSys’ operations.

Mastercard is particularly interested in ConsenSys’ Quorum, an enterprise blockchain platform based on Ethereum.

Other notable offerings from ConsenSys include the MetaMask browser wallet, the Infura API provider, the Truffle development framework, and smart contract auditing services.

Disclaimer: At the time of writing this author held Bitcoin, Ethereum, Litecoin, Tezos, ADA, and AAVE.


The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article