Fluency, a CBDC blockchain enterprise platform, has raised ?940,000 in seed funding to give it a ?17 million valuation.
The company’s Aureum solution is being created to help build and interconnect national CBDC networks with cash retail banking, supporting the transition from cash to a CBDC.
Its smart contract platform enables issuance, distribution and exchange of multiple CBDCs between central banks, commercial banks, merchants, and consumers.
Having recently secured Freedom to Operate and begun filing for patent protection, Fluency has reportedly seen interest from a number of major European and US-based central banks.
The Aureum prototype’s launch in February 2021 certainly helped generate some of this interest too as its solutions move closer to realisation.
On the firm’s board sits Zeeshan Feroz, former CEO of COINBASE UK, as well as Glenn Kim, former senior financial advisor to the Federal Republic of Germany’s ‘Finanzagentur’.
Headquartered in London with subsidiaries in New York and Dublin, Fluency’s prominence in the ever-developing CBDC space will be one to watch out for.
Want to learn more from executives at the heart of this space? The Blockchain IoT Solutions Congress, on November 2 2021, will explore the convergence of these two technologies and the use cases and industries that will benefit.