The blockchain startup Lygon, supported by institutions such as IBM, will undergo bankruptcy liquidation

ChainCatcher news, according to Crypto.news, the blockchain startup Lygon, funded by IBM, will undergo bankruptcy liquidation with debts of approximately $14.3 million. The company was jointly established by ANZ, CBA, Westpac, IBM, and Scentre Group, aiming to revolutionize digital banking guarantees through blockchain technology.

According to data from the crypto data platform RootData, Lygon had previously completed a $5 million Pre-A round of financing, led by Aura Ventures.