Blockchain start-up Fluency has reeled in $1.3m in seed funding from various unnamed European investors, giving the company a total valuation of $23.5m.
Founded in 2019, Fluency is launching a central bank digital currency (CBDC) blockchain enterprise platform – Fluency Aureum – that is being created and developed for the purpose of building and interconnecting national CBDC networks with cash retail banking to aid the transition from cash to a CBDC.
The platform is an enterprise-smart contract platform that enables issuance, distribution and exchange of multi-CBDCs between central banks, commercial banks, merchants and consumers.
The company – headquartered in London with subsidiaries in Delaware and Dublin – claims its technology is specifically tailored to bring technological and economical innovations of digital currencies to the existing financial system.
Fluency noted that since the launch of its prototype earlier this year, several major European and US-based central banks have expressed an interest in pursuing Aureum as their technology provider for the creation and management of a CBDC.
The company’s Aureum platform has secured the Freedom To Operate and recently filed for privacy protocol and offline protocol patent protection.
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