Westpac VC invests in Bitcoin player Coinbase | afr.com

In a deal that will put Westpac Banking Corp in the box seat as cryptocurrencies develop, the bank’s venture capital fund, Reinventure Group, has invested in Coinbase, one of the world’s pre-eminent Bitcoin companies.

In the first deal involving an Australian bank and a Bitcoin company, it is understood that Reinventure joined a $US75 million raising Coinbase conducted earlier this year, which also won support by some of the world’s largest venture capital firms, the New York Stock Exchange and former Citigroup CEO Vikram Pandit.

via Westpac VC invests in Bitcoin player Coinbase | afr.com.