As of February 27, the second extension seed round hosted by the London Stock Exchange Group (LSEG) has capped a total of $20 million for capital markets blockchain entrepreneur Nivaura. The fund aims to raise employment across all expertise and further bankroll R&D into the U.S. and Asia region.

Key investors in the latest round range from Spanish bank’s VC arm Santander InnoVentures, regulation firms Linklaters and Orrick, to the former head of global markets at HSBC – Spencer Lake, and so on.

The company envisions future financial regulatory platforms to be automated throughout, and that the issuance and settlement of applications are innovated by means of public blockchains, which are to become self-service.

In its attempt to work within the regulation, the fintech reportedly achieved major landmarks with regulations such as the European Union’s Markets in Financial Instruments Directive (MiFID) and the FCA Client Assets Sourcebook (CASS) for both traditional markets and tokenized platforms.

As Nivaura is seeing increasing interest from large institutions for its innovation, Dr. Avtar Sehra, Nivaura’s CEO, confirmed that the company is refining “a series of high-profile, large-scale projects with high-caliber partners to demonstrate [its] platform as a valuable solution across the full spectrum of capital markets primary issuance activities.”

Richard Cohen, a veteran debt capital markets lawyer, is reportedly taking charge of Nivaura’s general counsel and head of the strategy, while the firm previously upped its board adding CEO of the London Stock Exchange Nikhil Rathi, and Spencer Lake as an advisor.