Tag: 100M

Microsoft enters $100M partnership with Canadian firm after quantum breakthrough

coiner

Canadian quantum computing firm Photonic has emerged from stealth to raise $100 million for its all-silicon quantum computing platform. Among the investors is new partner Microsoft, who will co-develop quantum networking solutions with the startup. The investment and partnership come as numerous experts in the industry laud Photonic’s novel approach to quantum computing as a “breakthrough” for the field. We’re joining forces with @TeamPhotonic to enable future quantum networking over long distances—and to integrate Photonic’s scalable quantum computing offering into Azure Quantum Elements. Learn more: https://t.co/S8nTpNuEIY #AzureQuantum — Azure Quantum…

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Small business lending protocol Defactor tokenizes $100M in bonds

coiner

On June 6, decentralized finance (DeFi) lending platform Defactor Labs said that it tokenized $100 million worth of Alpha Bonds using the ERC-3643 token standard. The bonds, tokenized on the Polygon (MATIC) network, will be lent to small- and medium-sized enterprises using real-world assets, such as receivables, as collateral. Defactor Labs partnered with law firm CMS to provide legal guidelines and documentation, choosing Luxembourg as the instrument’s governing jurisdiction. Meanwhile, Black Manta Capital Partners provided a broker-dealer license and marketplace powered by Tokeny’s ERC-3643 tokenization engine for Alpha Bonds. We…

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