Cryptocurrency and blockchain firms have been raising funds to expand their offerings in recent months.
ConsenSys to raise funds soon
ConsenSys, one of the leading blockchain firms in the world, is set to raise funds in an upcoming funding round. The company wants to reach a $3 billion valuation after raising funds, according to a recent report by The Financial Times.
The Financial Times cited people close to the matter as stating that ConsenSys is currently in talks to raise more funds. The firm wants its valuation to top $3 billion after raising funds. ConsenSys is popular within the cryptocurrency space for developing and investing mostly in Ethereum-focused projects.
ConsenSys is yet to make an official announcement and it is still unknown the investors the firm is talking to. However, ConsenSys has expanded its portfolio to include developing and supporting projects built on Ethereum in addition to providing consulting services. The firm is keen to launch more cryptocurrency and blockchain projects for retail and institutional users.
ConsenSys raised $65 million in April
This latest development comes after the firm raised $65 million earlier this year. The funding round in April was led by some of the leading companies in the world, including JPMorgan, Mastercard, and UBS.
ConsenSys is popular for developing Metamask, a key wallet used to access the DeFi ecosystem.