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The startup attracted $ 3.9 million in tokenized shares on the London Stock Exchange

A blockchain startup 20 | 30 has raised £ 3 million in selling tokenized shares on a platform controlled by the London Stock Exchange (LSEG).

20 | 30 aims to tokenize capital and other securities using distributed book technology. The firm, in particular, was part of the fourth cohort of the regulatory sandbox of the Financial Conduct Authority of Great Britain (FCA), announced last July.

As reported, LSEG and FCA previously stated that they work from 20 | 30 and are launching Nivaura’s distributed ledger technology to demonstrate for the first time that shares of a British company can be tokenized and issued as part of a fully appropriate storage, clearing and settlement system. With today's news, the first stage of this plan looks successful.

The project aims to explore “tools that will help companies raise capital in a more efficient and rational way,” said LSEG.

After the primary issue of a stock token based on ethereum, “the next step will be to offer secondary transfers. Then we can move up the “stack of capital” to reinvent private equity and public markets, ”said co-founder 20–30 Tomer Sofinzon at the time of the Financial Times.

Speaking about the project in July, Dr. Avtar Sehra, CEO and Chief Product Architect of Nivaura, said:

“Someone can use our technology to create all legal documentation, tokenize these assets and execute them. LSEG was then far-sighted enough to help deliver these orders to the existing market. ”

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