Monerium completes a $2M capital funding round from Crowberry, Hof Holdings and ConsenSys.
Monerium, Reykjavik, Iceland-headquartered blockchain startup announced the closing of a seed funding round, which brings the total funds raised to $2M.
Monerium, founded in 2016 by chairman Jón Helgi Egilsson (former chairman of Iceland’s central bank), CEO Sveinn Valfells, CTO Gísli Kristjánsson, and COO Hjörtur Hjartarson, works to develop a solution for bridging fiat money and blockchains, with the objective to make currency accessible, secure, and simple to transact. By issuing asset-backed, redeemable, and regulated e-money on blockchains through a licensed institution, Monerium aims to make blockchains more relevant and useful to mainstream financial institutions, corporations, and consumers.
Prior to the seed round, Monerium completed and submitted an application to become a licensed financial services company in the European Economic Area through a wholly-owned subsidiary. The proceeds of the seed round will be used to accelerate the development of Monerium’s services.