NEW YORK — Elan Corp. has raised $600 million in a new funding round led by private equity firm Lazard Capital Partners, the company said on Monday.
The $600m investment is the first of its kind for Elan, a Palo Alto, Calif.-based company that specializes in technology that allows financial services companies to securely manage and track digital assets.
Lazard is a subsidiary of the investment firm Blackstone Group LP.
It said it had no further comment.
Elan is among the few big financial players in the U.S. that is pursuing blockchain technologies.
Its own chief executive, Jeff Kravetz, said last month that he hopes to deploy blockchain technologies in banking and other areas of the economy by the end of the year.
Lazard also invested in several blockchain startups, including Chain, which aims to enable cross-border payments by automating the transfer of goods, according to a filing with the Securities and Exchange Commission.
Lantron, which is also led by Kravez, said it would continue to invest and invest in “high-growth” blockchain companies.
Laval is the world’s third-largest private equity investor.
Its other recent investments have included Twitter Inc., Uber Technologies Inc. and Microsoft Corp.