The Blockchain Insurance Industry Initiative (B3i) has raised $16m in the past month, according to Swiss corporate registry filings. They revealed around $8.34m of the funding was cash, while the remainder was converted debt. B3i is a consortium that includes Zurich Financial Services, UBS and Credit Suisse, which will provide insurance for blockchain-based financial products. but it is not clear whether the latest sum is part of that effort.
The Blockchain Insurance Industry Initiative (B3i) has raised $16m in the past month, according to Swiss corporate registry filings. They revealed around $8.34m of the funding was cash, while the remainder was converted debt. Ledger Insights speculated the funding round was ongoing, while reports also said the company was seeking to raise $150m to $200m but it is not clear whether the latest sum is part of that effort.