Baillie Gifford Chips In $1000 Million In UK-based Blockchain Startup

Date:

Baillie Gifford & Co., an investment management firm, known for funding tech startups has confirmed an investment of $100 million in Blockchain.com. Blockchain.com is amongst the most prominent UK-based cryptocurrency startups.

Referring to a post from Peter Smith, co-founder and CEO of Blockchain.com, the latest from Bloomberg confirms that Baillie Gifford & Co. participated in the final funding round. The news is highly significant to the crypto community and tech startups in the Blockchain sphere because $100 million is the single biggest investment so far in a blockchain-based project.


Baillie Gifford & Co., has already been an early investor in several tech-based startups. The investment management firm with assets under management worth over $445 billion, was also one of the first investors in Tesla Stocks. It continues to be the single biggest investor in Mr Musk’s company.

Blockchain.com is a cryptocurrency wallet services provider. It also facilitates the trading and exchange of popular cryptocurrencies. Founded in August 2011, Blockchain.com is headquartered in Luxembourg city UK. The online blockchain startup also provides in-depth market analysis and charts and info related to the Bitcoin market.

Commenting on the investment, Blockchcian.com Ceo Peter Smith said that they were honoured to have Ballie Gifford as an investment partner. He also said that it was also a “validation that a balanced and diversified retail/institutional business has incredible growth potential in the coming years.”

Utsav K.
Utsav K.
Utsav is a senior crypto journalist and has been an active member in the community from even before the first major crypto boom back in 2017. In his writings, he focuses on analysing price trends and investigating policies. If you want to understand the practical implications and uses of complex technical protocols, he is your guy.

1 Comment

  1. […] The future of Blockchain.com’s noncustodial wallets for Russian users is unknown at this time. In light of the recent restrictions, Blockchain.com isn’t the first platform to suspend some services for Russians. […]

Leave A Reply

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Ancient Bitcoin Whale Stuns Major Exchange with $535 Million BTC Transfer

In an unexpected turn of events, a long-dormant bitcoin...

Cardano (ADA) Headed for Reversal? Analyst Eyes $0.50 as Turning Point

Cardano (ADA), the smart contracts platform known for its...

Japan’s Metaplanet Stock Jumps 10% After Disclosing Additional BTC Purchase

Tokyo-listed investment firm Metaplanet Inc. saw its shares rise...

FTC Warns of Crypto Romance Scams in the US

The US Federal Trade Commission (FTC) has issued a...