Hashstacs (STACS) develops a blockchain technology stack that integrates with financial institutions’ existing infrastructure, payment platforms (including Project Ubin), trading platforms and external software to enable smart contracts and digital ledgers. The company’s products include a real-time trade processing platform used by clients such as Eastspring Investments and BNP Paribas Securities Service; other clients named in the article include Deutsche Bank, Bursa Malaysia, EFG Bank and Bluecell Intelligence. STACS also operates GreenSTACS, launched with Bluecell Intelligence, to certify and monitor green loans and bonds by connecting security tokens with data sources like IoT devices and satellite imagery to generate real-time impact reports. The platform is intended to reduce fragmentation, lower settlement costs and prevent greenwashing by ensuring green funds are used as pledged. Founded in 2019 and based in Singapore, STACS says it is targeting a network of more than 30 institutions by the end of the year. Financially, STACS raised $3.6M in this pre-Series A round and has now raised more than $6M in total, with plans to pursue a Series A later this year.

Total raised

$4M

Funding rounds

1

Latest round

Series A

Latest activity

Apr 2021