The National University of Singapore spinout has secured an undisclosed amount to bring its blockchain platform through public testing scheduled for December 2017.

Zilliqa, a Singapore-based blockchain platform spun out from National University of Singapore (NUS), has secured an undisclosed sum from investment firm FBG Capital.

Blockchain technology is a form of digital ledger for cryptocurrency transactions or other sensitive information. It records data in tamper-proof chunks across a network rather than on a single server.

Zilliqa’s system aims to solve scalability issues that have plagued cryptocurrencies such as bitcoin, where transaction speeds had been slowed by a cap of one megabyte per…