Block.one closes new investment, a month after its record $4bn ICO

Blockchain software developer Block.one has raised received an undisclosed funding round, a month after it closed a colossal $4bn ICO.

The investment was supplied by backers including venture capitalist and entrepreneur Peter Thiel, Bitmain, Louis Bacon, and Alan Howard. Prior to this investment, the company picked up funding from a group led by Christian Angermayer, Lansdowne Investment Company, and Galaxy Digital’s Mike Novogratz.

Hong Kong-headquartered Block.one is a blockchain technology software publisher, with its first solution being EOSIO a secure data transfer solution.

Block.one recently released version 1.0 of its open source EOSIO blockchain software, which is set to enable businesses to rapidly build and deploy high-performance and high-security blockchain-based applications. EOSIO allows developers to write business logic that is compatible with consensus algorithms that demand deterministic execution according to the company.

An organisation’s user base can interface with this business logic using the secure public key infrastructure, bringing blockchain-level security, accountability, and auditability to their business.

Bitmain co-founder Jihan Wu said, “The EOSIO protocol is a great example of blockchain innovation. Its performance and scalability can meet the needs of demanding consumer applications and will pave the way for mainstream blockchain adoption.”

Block.one recently named former Commonwealth Bank of Australia CFO Rob Jesudason as the group president. Alongside this, former Jefferies Asia CEO Mike Alexander will lead Block.one’s EOS VC arm, which has around $1bn in assets.

Last month, Block.one held the $4bn close of its token sale, making it’s the largest ICO in history. The company is looking to hire developers and support new partnerships.

Copyright © 2018 FinTech Global

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