The London Stock Exchange leads a $20 million bet on blockchain to cut out custody middlemen
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If Nivaura achieves its goals though, it’s not just the companies that survive the simplified transaction flow that stand to benefit. By changing the role these traditional middlemen play, Nivaura CEO Avtar Sehra estimates that the time to market for issuing bonds, loans and equity will be cut by at least 60%, time that he expects will result in savings for investors as well.
Nivuara currently employs about 30 people, dispersed across locations in England and Italy, where the company’s chief technical officer and chief investment officer live, and plans to expand its team to the United States and Asia using the venture capital funding.
“We look forward to working with Nivaura to drive further innovation along the capital markets value chain," said Rathi in a statement,"to benefit both companies, their advisors and investors." As part of the investment, LSEG is partnering with Nivaura to explore new business opportunities.
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