ConsenSys Backs Icelandic Startup Co-Founded by Ex-Chair of Country’s Central Bank

Ethereum (ETH) blockchain startup and incubator ConsenSys has participated in a $2 million seed funding round for Iceland-based blockchain startup Monerium, according to a press release from the firm, published Jan. 11. The startup counts the former chairman of Iceland’s central bank among its four founders.The funding round was reportedly led by Icelandic venture capital fund Crowberry Capital, and has also seen the participation of Icelandic private investment firm Hof Holdings.Founded in 2016, Monerium is reportedly developing a solution for “bridging fiat money and blockchains,” issuing what it refers to as e-money.Former central bank chairman Jon Helgi Egilsson, alongside co-founders Gísli Kristjánsson, Hjörtur Hjartarson, and Sveinn Valfells, are spearheading a workforce of 14 people across Iceland, Sweden, the United States and the United Kingdom.Monerium is reportedly currently awaiting review of its application to become a licensed financial services company in the European Economic Area (EEA). If secured, the license will…

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