ConsenSys supports the monerium, a blockchain startup in Iceland

ConsenSys, the startup blockchain of Ethereum (ETH) that promotes similar blockchain companies, took part in a $ 2 million financing round for Icelandic blocker startup Monerium, according to the January 11th company news release. One of the four founders of the company is the former president of the Central Bank of Iceland.

The financing round was presumably led by Crowberry Capital, the Icelandic venture capital fund, with the participation of the private investment company based in Iceland Hof Holdings.

The Monerium was founded in 2016 and presumably creates a solution for "Bridge fiat money and blockchains" paying out what he calls electronic money. The former president of the Central Bank, Jon Helgi Egilsson, together with co-founders Gísli Kristjánsson, Hjörtur Hjartarson and Sveinn Valfells, has 14 employees spread across Iceland, Sweden, the United States and the United Kingdom.

The Monerium is currently waiting for the revision of its application to be transformed into a financial services company, licensed for the European Economic Area (EEA).

If obtained, the license will certainly contribute to promoting the various functions associated with the issuance of electronic money, in particular with regard to compliance, asset management and risk management.

In the press release, ConsenSys co-founder Andrew Keys said that support for the Monerium is in line with the goal of the incubator to help build "The infrastructure necessary for a more decentralized and self-sufficient future". Earlier this month, ConsenSys worked with the semiconductor manufacturer AMD and with the investment management company Halo Holdings to create a blockchain-based cloud computing framework.

Last month, Consensys signed a memorandum of understanding with SK Group, the South Korean Korean technology participation company SK Group, to build a corporate blockchain business model using smart contracts.