Nivaura, a UK-based graduate-from from Microsoft’s Accelerator programme for start-ups, has developed an Ethereum blockchain-based service to make raising money simpler and cheaper. This could transform how businesses attact investor funds. Nivaura offers automated bond issue in a cryptocurrency on a public blockchain platform. Not only does this reduce the need for middlemen, and the costs associated with regulatory clearances, a broader range of investors can participate – because an offering is public. Avtar Sehra, Chief Executive and Chief Product Architect at Nivaura, said: “What we’re showing is you can use open public infrastructure for regulated financial instruments, and this is a very critical step, because from the earliest stages we’ve always believed that public blockchains are the way forward. As cryptocurrencies or tokenised fiat-currencies become an accepted form of payment mechanism it won’t be long before automated crypto-denominated deals become standard practice. The fact that we’ve successfully executed a private placement transaction with retail investors puts us in a really good position to help those who follow in LuxDeco’s footsteps.”

Nivaura has chosen to run its platform on Azure because Microsoft’s cloud platform complies with guidance released by the UK’s top financial regulator. The FCA released guidance in July aimed at aiding firms from the financial services sector as they move workloads online – from deciding to outsource and selecting a provider, to monitoring how their data is handled. Read more here…

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