Ethereum L2 TEN Raises $9 Million From Banking Consortium R3

The encrypted Ethereum layer 2 network, TEN , has announced the completion of a $9 million funding round led by the banking consortium R3.

Using encryption, TEN lets developers choose which parts of their smart contract they’d like to keep private, and which parts public.R3 is a consortium of 42 of the world’s largest banks that are exploring blockchain technology and real-world asset tokenization.

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