IOTA Foundation co-founder Dominik Schiener is investing in German fintech startup credX.
Schiener will support credX’s strategic development and the launch of innovative financial instruments, such as securities tokens.
Dominik Schiener, co-founder of the IOTA Foundation, continues to expand his influence on the next generation of digital infrastructure. Having already invested in Xayn, a startup for an Artificial Intelligence-based and privacy-oriented web search and web browser in 2019, it became public today that he has acquired 10% in credX AG.
The fintech startup is developing a B2B commercial financing platform that already makes traditional financing more efficient through its web- and data-driven processes and technologies. With Dominik Schiener on board, the startup aims to leverage the distributed ledger technology, the Internet of Things (IoT) and artificial intelligence (AI) to expand the base of B2B financing applications.
According to a press release available to C
