Reuters reveals JPMorgan in talks to merge blockchain unit Quorum with startup ConsenSys

11 February 2020, 12:00 am 1 minute

Reuters broke the news that JPMorgan Chase & Co is in talks to merge its marquee blockchain unit Quorum with Brooklyn-based startup ConsenSys. The deal is likely to be announced within the next six months. JPMorgan has been considering spinning off Quorum for around two years, evaluating options including setting up an open-source foundation, creating a new startup or merging it with another company.

Article Tags

Type: Reuters Best

Sectors: Equities

Regions: Americas

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Share this article

Work Email Address *

Country *

I'd like to receive communications about Reuters resources, events, products, or services.

(Please note you can manage and update your preferences at any time.) By submitting your details, you are agreeing to receive communications about Reuters resources, events, products, or services. By submitting your details, you are also acknowledging that you have read and understood our: Privacy Statement.

By submitting your details, you are agreeing to receive communications about Reuters resources, events, products, or services. By submitting your details, you are also acknowledging that you have read and understood our: Privacy Statement. * required field

Work Email Address *

Country *

Reuters reveals JPMorgan in talks to merge blockchain unit Quorum with startup ConsenSys

More of Reuters Best

Japan’s Rakuten plans new share issue to raise around $2.2 bln

Kioxia, Western Digital speed up merger talks as memory chip demand slumps

Turkey faces election runoff, Erdogan seen with momentum

Argentina plans new rate hike, more FX intervention as inflation soars