J.P. Morgan Backs $20M Round for Blockchain Infrastructure Startup Ownera

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J.P. Morgan Backs $20M Round for Blockchain Infrastructure Startup Ownera
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.OwneraIO, a startup building an institutional-grade blockchain for digital assets, has raised $20 million in a funding round that included banking giant jpmorgan. By BrandyBetz

in a Series A funding round from backers that included banking giant J.P. Morgan and and private asset management firm LRC Group.

J.P. Morgan was among the first wave of big banks to move into the crypto space last year. The firm offered institutional clients access to bitcoin throughcustodied by NYDIG that have raised a combined total of nearly $45 million. The Ownera funding signals that TradFi hasn’t abandoned blockchain technology during the bear market.

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