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This morning at a press conference in Moscow, Waves Platform, a public blockchain platform, announced that it has completed a $120 million funding round to launch Vostok, its private blockchain platform and systems integrator. Dolfin helped structure and close the round with a brief to secure investors from key target markets who had both the expertise and the appropriate projects on which to deploy Vostok to best effect.
Vostok has been developed by Waves Platform specifically to form the basis of digital infrastructure for large enterprises and public institutions. The launch of the first projects in Europe and Asia is expected at the beginning of 2019.
Dolfin CEO, Denis Nagy commented: “Despite heightened investors’ interest in digital technologies, attracting private funding is often problematic due to the lack of financial infrastructure to support and structure the deals in the DLT space. We worked closely with the Vostok team to develop a model familiar to private equity investors yet customised to enable the financing of this project.”
A second funding round is scheduled for early 2019.
For further information, download the Waves Platform/Vostok press release.