Today, ConsenSys announced the final close of its $65M formation round to accelerate the convergence of decentralized finance (DeFi) and Web3 applications on Ethereum with enterprise blockchain infrastructure. Global financial services firms J.P. Morgan, Mastercard, and UBS invested alongside leading blockchain companies, including Protocol Labs, the Maker Foundation, Fenbushi, The LAO, Alameda Research. Additional investors include CMT Digital, Greater Bay Area Homeland Development Fund, Quotidian Ventures, and Liberty City Ventures. Several funds invested with Ethereum-based stablecoins, DAI and USDC, as consideration.

ConsenSys’ products are the primary points of access to Ethereum for developers, enterprises, and consumers, making Web3 more accessible and useful. MetaMask counts over 3 million monthly active users across mobile and desktop. More than 150,000 developers use Infura’s APIs, and 4.5 million developers create and deploy smart contracts using Truffle. Its Protocols group which develops Hyperledger Besu and ConsenSys Quorum are building Central Bank Digital Currencies (CBDCs) for six central banks.

To accelerate mainstream adoption of Web3, ConsenSys is focused on commercializing its industry leading platforms as distribution channels for leading DeFi protocols, catalyzing the convergence of traditional and decentralized finance. As an example, ConsenSys launched a token swap feature in the MetaMask wallet that enables users to access the largest selection of tokens at the most competitive prices, resulting in $1.8 billion in volume in decentralized exchange use.

Joseph Lubin, Founder of ConsenSys, Co-founder, Ethreum, commented: “When we set out to raise a round, it was important to us to patiently construct a diverse cap table, consistent with our belief that similar to how the web developed, the whole economy would join the revolutionaries on a next generation protocol. ConsenSys’ software stack represents access to a new automated objective trust foundation enabled by decentralized protocols like Ethereum. We are proud to partner with preeminent financial firms alongside leading crypto companies to further converge the centralized and decentralized financial domains at this particularly exciting time of growth for ConsenSys and the entire industry.”

Mike Dargan, Head of Group Technology at UBS said: “Our investment in ConsenSys adds proven expertise in distributed ledger technology to our UBS Next portfolio. This investment underscores our commitment to working with fintechs and the broader tech ecosystem to shape the future of banking for the benefits of our clients.”

Raj Dhamodharan, Executive Vice President of Digital Asset and Blockchain Products and Partnerships at Mastercard said: “Enterprise Ethereum is a key infrastructure on which we and our partners are building payment and non-payment applications to power the future of commerce. We are delivering on our multi-rail strategy focusing on digital currencies including our work supporting central banks as they explore CBDCs. Our investment and partnership with ConsenSys helps us bring secure and performant Enterprise Ethereum capabilities to our customers whom we believe will benefit from a robust, open source Ethereum community to create relevant and scalable solutions.”

Juan Benet, Founder of Protocol Labs said: “ConsenSys was one of the earliest organizations to make a huge bet on the future of the decentralized web. They supported hundreds of brilliant early visionaries to build entirely new classes of software and infrastructure that are now redefining some of our most important institutions. The ConsenSys team is going to play a huge role bringing web3 to its next billion users.”

Katya Kovalenko, member of The LAO said: “We’re excited to support ConsenSys, which has been at the forefront of building Web3.0 since the very early days. We believe it will continue to lead the space with its infrastructure that is currently used by hundreds, if not thousands of blockchain projects and enterprises.”

Gregory Di Prisco, Managing Partner at Distributed Capital Partners LLC and Head of Business Development at the Maker Foundation said: "Consensys is an integral component of Distributed Capital's portfolio and strategy. It offers exposure to the ‘pickaxes’ of Ethereum, the most advanced enterprise blockchain software, and a portfolio of high-growth startups.