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BTL raises CAD15.3m for Interbit launch

BTL Group (BTL) has closed previously announced brokered and non-brokered private placements raising a gross total of approximately CAD15.3 million.

BTL will use the capital raised to deliver its blockchain platform Interbit in early 2018. The company is targeting enterprises that can license Interbit to either build their own applications or form partnerships. BTL is also aiming to encourage
 
“We are delighted to have completed this funding round, where we saw significantly increased investor demand given the recent progress and exciting news from the Company,” says Dominic McCann, CEO of BTL. “The capital will be used to rapidly expedite our go-to market strategy for our third generation blockchain platform, Interbit. As we have proven throughout this year in our customer journeys, Interbit meets the requirements of industry via its scalability and privacy, with the platform using its multiple connected blockchains, aiming to handle hundreds of thousands of transactions per second. Our plan is to deliver a product that will be relevant in many years to come, as we envisage widespread enterprise adoption of blockchain technology.” 

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