Baton raises $ 12 million for a blockchain-inspired B2B solution

Baton Systems, a California-based bank-to-bank paytech company, raised $ 12 million in its latest Series A funding led by Trinity Ventures, with the participation of Alsop Louie and Commerce Ventures.

The blockchain developer ran a pilot project with the Bank of England

Modeled after blockchain technology, the three-year-old company acts as a gateway between banking books for real-time reconciliation.

The company hopes the capital will distribute baton …

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