Baton rounds out funding with $4m Illuminate investment
DLT firm plans Asia expansion due to demand for delivery of assets in Asian and non-CLS settled currencies
Venture capital (VC) firm Illuminate Financial has made a $4 million investment in Baton Systems, rounding out the start-up’s $16 million funding total, which the fintech will use to expand geographically.
Last year, FX Week reported that Nex Group and Baton Systems have built a real-time settlement system for foreign exchange trades, using distributed ledger technology (DLT) to cut the traditional two-day post-trade cycle down to as little as three minutes.
Baton has already received
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