Baton: Raises $12m for blockchain-inspired b2b solution

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Baton: Raises $12m for blockchain-inspired b2b solution

Baton: Raises $12m for blockchain-inspired b2b solution

  • The announced that it also raised $12 million in series A funding from Trinity Ventures
  • The company hopes the capital will strengthen Baton’s distributed ledger-based system
  • When Baton is completely transforming the global bank payments infrastructure
  • Baton’s distributed ledger technology (DLT) solution means banks don’t have to overhaul their existing systems
  • Baton’s hybrid cloud platform acts as a gateway between bank ledgers for real-time reconciliation
  • The blockchain developer has run a pilot with the Bank of England and currently processes more than $12 billion