Centiglobe secured capital funding.

Centiglobe, a Stockholm, Sweden-based startup developing a blockhain-based clearing service for the financial industry, secured capital investment in the company.

The funding was provided by investors from Sweden, including Adam Lewis and Petter Sandgren.

Centiglobe, launched in 2017 by Henrik Gradin based on his research at KTH, is developing a real-time clearing and transaction system where currency conversion is done automatically in the system. The system is based on a decentralized database that enables a higher level of transparency and traceability of transactions.