Bank-To-Bank Blockchain Payment Solutions Raises $12 Million


A blockchain startup from California has recently raised around $12 million Series A funding, led by Trinity Ventures.

Baton Systems, the blockchain startup in question states that the money raised in the funding round will be used to scale its blockchan-enhance B2B payment solution.

It was also revealed that Baton Systems have already executed and processed over $13 billion in payments from implementing its solution for market participants as well as for clearinghouse counterparties.

According to the company the firm’s blockchain solution is designed to be interoperable with legacy systems which makes it ideal for clients that have already existing IT infrastructure.

It can be remembered that in a Barclay-hosted hackathon last year Baton System won a prize for the best solution supporting the ISDA’s Common Domain Model (CDM) industry standard for derivatives.


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: http://cryptowarrior.tech/banking-finance/bank-to-bank-blockchain-payment-solutions-raises-12-million/

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