Oneiro’s latest funding round brings the company’s total venture capital investment to $8 million. The company wrote that it plans to use those funds to provide additional services to clients, such as the Axiom Foundation, more efficiently.

In an Oct. 3 press release, Boston-based provider of high-performance blockchain solutions Oneiro announced that it had secured a $5 million investment from Cosimo Ventures in a Series A funding round.

Oneiro, a blockchain solution company, secured a $5 million investment from Cosimo Ventures.

Total investment of $8 million

Cosimo Ventures is an investment firm involved in sectors including blockchain, cryptocurrencies and the Internet of Things.

Cosimo Ventures and Oneiro previously joined forces to launch the unpegged digital currency, ndau, which the press release claims addresses certain pain points associated with other stablecoins. Cosimo Ventures managing partner Ciarán Hynes said:

“The Oneiro team has made significant progress this year, and these new funds will allow the team to further develop multiple blockchain technologies, extend into the crypto ecosystem, and accelerate the adoption and use of various blockchain applications, including digital virtual currencies such as ndau.”

Crypto hedge fund leads $5 million seed round

Cointelegraph recently reported that Pantera Capital led a $5 million strategic seed round of decentralized derivatives protocol Vega. The funding round included participants such as Ripple’s investment arm Xpring, Hashed, NGC Ventures, gumi Cryptos Capital, Rockaway Blockchain, KR1, Eden Block, Focus Labs and Greenfield One.

Blockchain Firm Findora Hires Former Coinbase CTO as Strategic Advisor

Finance infrastructure-focused blockchain project Findora has appointed the former chief technology officer of major American cryptocurrency exchange Coinbase as a strategic advisor.

As fintech media outlet Fintech Finance reported on Aug. 14, Balaji Srinivasan joined Findora after serving as a general partner at venture capital firm Andreessen Horowitz, and co-founder and CEO of blockchain-powered paid messaging service

Apart from Srinivasan, Findora has also hired Dan Boneh, head of Stanford University’s Cryptography Group, to the same position. Commenting on the appointment, Findora CEO Charles Lu reportedly said:

“We are excited to welcome Professor Dan Boneh and Balaji Srinivasan to our team as we work towards a new global financial system where users control their own financial data, identity and assets. These renowned industry experts have unrivaled knowledge in fintech, digital infrastructure, blockchain, cryptography, and beyond, putting them at the forefront of their respective fields.”

Srinivasan announced his departure from Coinbase in May, saying in a tweet that he had enjoyed his time at the exchange and that he will now take time off “to get back in shape – and up to speed on everything happening” when he was busy working at Coinbase.

Earlier in August, Coinbase Custody Trust Company appointed two new members, previously of the New York State Banking Department and the New York Department of Financial Services, to its board of directors.

Also this month, appointed Stefan Rust as the company’s new chief executive officer as Roger Ver leaves the post. Rust will continue working on the development of the company’s new products and services that promote peer-to-peer electronic cash.

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