ConsenSys Spins Off Ethereum Startup Truffle To Take Blockchain To Big Business

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Enterprises building with blockchain are a step closer to cryptocurrency thanks to ethereum startup Truffle's new integration with Axoni's Axcore.

But if the newly formed Truffle Blockchain Group has anything to say about it, that’s just the beginning. The company, which quietly spun off from the

While this and other Truffle integrations also revealed today don’t mean the DTCC or other enterprises will bethe ethereum cryptocurrency, they do mean that the developers behind high-profile, high-value projects can now build on the public ethereum blockchain, bridging the cryptocurrency world with enterprises in a new way.

The fundraising round, whose sole investor is ConsenSys, closed in February. As part of the investment, ConsenSys founder Joe Lubin will join as a board member. Truffle is one of the first companies to spin off from ConsenSys, since the incubator, having had difficulty finding broad traction, made plans toTruffle employs 22 people in the U.S.

 

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