Waves Platform Raises $120 Million for Private Blockchain
- Russian engineer Ivanov aims to compete with IBM’s Hyperledger
- Large firms mistrust security of open blockchains: Ivanov
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Waves Platform, a public blockchain network that has helped digital startups create tokens, said it raised $120 million for itself to roll out a private version of its Vostok system for corporations and governments.
Private investors were tapped in the fundraising round led by London-based financial services group Dolfin, Waves said in a statement Wednesday. The company’s own cryptocurrency, known as Waves, jumped almost 50 percent to $3.80 in the past 24 hours, according to CoinmarketCap.com prices at 9:40 a.m. in London.