As per the announcement, Allinfra will rely in part on ConsenSys’ technological capabilities and expertise in the tokenized assets area. The exact amount of the investment has not been disclosed.
Allinfra facilitates direct investments in unlisted infrastructure assets via the Ethereum blockchain, providing users with the ability to create, purchase and transfer economic or ownership interests in these assets. As per ConsenSys, the solution makes the sector available not only to large institutional investors, but to a broader audience of investors.
Joe Lubin, Ethereum co-creator and ConsenSys founder, was quoted in the press release as saying that Allinfra will contribute to creating more transparent and equitable markets:
“In the case of unlisted infrastructure, a traditionally restricted, and illiquid asset class, Allinfra will enable a wider audience to efficiently access and participate in the economic benefits of these assets.”
Dave Sandor, Co-founder and CEO of Allinfra, revealed that within several months the company “will be in the market supporting a flagship infrastructure tokenization project.”
As Cointelegraph reported earlier this year, ConsenSys has recently participated in a $2 million seed funding round for Icelandic blockchain startup Monerium, which is developing a solution for “bridging fiat money and blockchains.”
This January ConsenSys laid off up to 13 percent of its staff, including employees in both its support and technical teams. Executive Director of Enterprise and Social Impact at ConsenSys, Vanessa Grellet, told Cointelegraph that it was a “natural movement,” as the company has been growing “a little bit fast.”