Spot FX blockchain clearing firm FXCH raising €8.5m

On its way to bringing a much needed change to the Foreign Exchange markets, FXCH Ltd. – the Spot-FX Clearing House, which in July, settled the first FX trade on the Blockchain – is attempting to disrupt again: The first round of financing of the Irish Startup begins this week with an Equity Crowdfunding campaign on Seedrs.com. Some of the founders have worked together for over 20 years, beginning in the FX Futures markets when the NYBOT-Finex set up shop in Dublin in in 1995. Their experience in Futures is where the central clearing concept bug took shape. Read more: finextra.com