Technology
ConsenSys is holding funding round talks with a $3 billion valuation.
According to three sources familiar with the negotiations, ConsenSys, a blockchain software firm that creates and invests in Ethereum-based projects, is in talks about a fundraising round that would value the Brooklyn, New York-based company at $3 billion.
- According to one of the sources, the business is trying to raise $250 million.
- “GoldenTree Asset Management and probably Arca are in the round,” the person said.
- Arca did not respond to an email received before U.S. business hours, while GoldenTree declined to comment.
- In April of this year, ConsenSys received $65 million from financial behemoths like as JPMorgan Chase, Mastercard, and UBS, as well as leading decentralized finance (DeFi) firms.
- ConsenSys, as a creator and supporter of Ethereum-based projects, has shifted its focus away from consulting and services and toward a greater emphasis on products.
- ConsenSys, for example, is the creator of MetaMask, a crucial gateway to the DeFi world that has allowed more than $9 billion in trades through its digital token exchange function.
- The Financial Times first reported the fundraising round, citing people familiar with the preparations.
- ConsenSys did not reply to CoinDesk's request for comment on the report right away.
