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Provenance Blockchain runs a blockchain for tokenizing financial assets and tracking transactions in real time.
Founded in 2018 and headquartered in San Francisco, US, Provenance Blockchain, Inc. offers a proof-of-stake blockchain for tokenizing real-world assets. Its DART system provides real-time loan ownership updates that adhere to regulatory standards, and its products include the first SEC-registered yield-bearing stablecoin, backed by Treasuries. Clients are financial institutions and businesses in the credit market, mainly in the United States, and revenue comes from transaction fees. The company raised USD 20.00 mn in Seed funding on May 8, 2019, from Baseline Ventures, DCM, KittyHawk Ventures and Ribbit Capital. CEO Anthony Moro leads the firm.
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