ConsenSys, a prominent blockchain software company, has raised $65 million in strategic investments from major financial institutions including JPMorgan Chase (NYSE:JPM), Mastercard (NYSE:MA) and UBS, offering yet another sign that traditional finance is entering the crypto space.
The investment round will aid ConsenSys in expanding its enterprise blockchain infrastructure solutions to enable more decentralized finance and Web 3.0 applications on Ethereum, the company announced Tuesday. After a year of significant growth, ConsenSys is now focusing on accelerating mainstream adoption of Web 3.0, which is considered to be the next phase of the internet’s evolution.