Bitpanda, the Austrian digital investment platform which recently achieved unicorn status, announced that it will be investing €10 million over the next two years into the newly launched Blockchain Research & Development Hub.

The new Blockchain Research & Development Hub is expected to attract world-class blockchain experts and engineers who want to develop the technologies of the future. Bitpanda expects to have 30 developers on board by the end of 2021.

This innovative hub will focus on building a next generation investment platform where engineers will aim to leverage the possibilities of state-of-the-art blockchains.

All engineers joining will receive a dedicated training along with focused knowledge-swapping sessions with the existing team members, including Bitpanda’s Chief Technology Officer, Christian Trummer.

Bitpanda has been engaging in the blockchain space since 2014 and is now building a specialised center that uses different blockchains to build a powerful infrastructure for its own multi-asset investment platform.

The firm had recently secured a US$170 million Series B fundraise and an additional €10 million as an extension to that round.

Lukas Enzersdorfer-Konrad, Chief Product Officer at Bitpanda said,

“Top engineers are the differentiating factor for tech companies, and with this new technology emerging as a dominant field, we’re aiming to unite and unleash these disruptive players by launching an innovative Blockchain Research & Development Hub.

 

The idea is to bring blockchain engineers together – across boundaries, cultures and time zones – and empower them to build the investment platform that’s revolutionising the financial industry”.

Featured image: Lukas Enzersdorfer-Konrad, Chief Product Officer at Bitpanda