Italian blockchain startup Euklid announced that it has raised a seed round of €10 million and will shift its headquarters to London’s Level39 in a move to implement their international strategies.

The raised amount will allow the company to establish a NewCo in the UK and a RAIF fund in Luxembourg. These steps will play a key role towards the realization of ‘The Bank of tomorrow’, a transparent investment bank on the blockchain, free of charges.

“London offers the ideal ecosystem. Here we can meet the needs of new investors and rely on an innovative and efficient financial industry also thanks to a lighter regulatory environment,” Antonio Simeone, co-founder, and CEO of Euklid said, as reported by Finextra.

Euklid previously started developing tech that predicted the fluctuations of digital currency by applying AI to bitcoin and the blockchain. The company’s current goals aim in bringing a completely autonomous and transparent investment bank run by Artificial Intelligence. Customers can invest their savings in ‘The Bank of tomorrow’ platform.

“At Euklid humans are mere observers, and investors are guaranteed a high level of transparency. Every single operation of our trading activity is registered in the blockchain,” he added.

Euklid has also revealed its plans to partner with Bankable, a London-based fintech accelerator Level39.