Ripple Labs, the creator of the international payment network and digital currency Ripple (XRP), has raised a $28 million series A funding round. The funding round featured many strategic investors including the venture arm of Chicago Mercantile Exchange & Chicago Board of Trade (CME Group Inc.), one of the largest security and future exchange operators in the United States. Other notable investors in the round are Chinese venture capital firm IDG Capital Partners and the global data storage company Seagate Technology. Previous investors into Ripple Labs including Barry Silbert’s Bitcoin Opportunity Corp., Core Innovation Capital, Vast Ventures, and Venture 51 also participated in the series A. This new infusion of capital and the strategic investors gained through this round will […]
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