Baton Systems raises $12 million in Series A financing, Trinity Ventures and other

According to VentureBeat, Baton Systems, an interbank payment infrastructure provider modelled on blockchain technology, announced that it has raised $12 million in Series A funding, with Trinity Ventures, Alsop Louie and Commerce Ventures participating in the investment. Arjun Jayaram, founder and CEO of Baton Systems, said the funding will support Baton's distributed ledger-based system, which enables on-demand payments without the need for pre-set margin requirements.