Blockchain-Settled Spot FX Startup to Raise First €1m in Equity Crowdfunding

[kreslik.news]

FXCH Ltd. (the FX Clearing House) is a Dublin-headquartered blockchain startup founded by a team of institutional FX veterans looking to fill the gap left by major banks pulling out of the FX prime brokerage market. It cleared the first ever institutional spot-FX transaction using a distributed ledger for settlement this July.

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The firm has now notified potential investors that it has resolved to raise €8.5 million of growth capital and that it is reserving the first €1 million exclusively for an equity crowdfunding campaign.

They explain that ... (read more)