Eight Roads leads $13m Series A funding in SG blockchain startup Clear

Photo: Hitesh Choudhary/Unsplash

Eight Roads, a global proprietary investment firm backed by Fidelity, has led the $13-million Series A funding in Singapore-based blockchain startup Clear, which is developing B2B contract systems for high-volume transactions.

In a statement, Clear said the funding, which was also supported by the venture subsidiaries of Telefonica, Deutsche Telekom, Hong Kong Telecom, and Singtel, will be used to develop systems that can process thousands of transactions per second and scale globally.

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