Enterprise Blockchain Platform
1 known investors
Nuco is a Toronto-based developer of a modular enterprise blockchain platform for business environments.
Also known as Nuco · Nuco Inc.
Investors · 1
Company profile
researched Aug 2026Nuco Inc. is a Toronto, Ontario-based company that develops the Nuco enterprise blockchain platform, serving customers worldwide. The company was started in 2016 by three blockchain leads who departed Deloitte, with the aim of bringing blockchain technology into mainstream enterprise environments, focusing on disintermediation and reducing friction in complex business processes.
The Nuco platform is described as a modular kernel intended to minimize development overhead in enterprise settings, offering consensus, virtual machine and API modules. It allows developers to write Turing-complete code compatible with the Ethereum Virtual Machine and provides implementations of Byzantine Fault Tolerance and Proof of Work consensus algorithms optimized for enterprise use, along with tooling to simplify the development and administration of enterprise blockchains. Third-party listings characterize Nuco as offering enterprise-grade blockchain infrastructure with a modular architecture prioritizing security, performance and scalability, enabling users to deploy networks with selected components.
Nuco is a founding member and director of the Enterprise Ethereum Alliance, which it joined at the alliance's founding in February 2017, and a founding member of the Blockchain Research Institute alongside IBM and the Government of Ontario. It also advises the Ontario Securities Commission on policies regarding cryptocurrency and initial coin offerings. In the fall of 2017 Nuco created the Aion Network, tasked with building a multi-tiered, interoperability-focused blockchain connecting public and private blockchains.
Founding story
Nuco was started in 2016 by three blockchain leads who left Deloitte, with the stated goal of delivering blockchain technology into mainstream enterprise environments.
Traction
Nuco announced a collaboration with TMX Group in May 2017 on a blockchain prototype for natural gas settlements in its NGX business line, is a founding member of the Enterprise Ethereum Alliance and of the Blockchain Research Institute, and advises the Ontario Securities Commission. The Aion Network it created raised $22 million through a token sale.
Latest developments
In the fall of 2017 Nuco created the Aion Network with a mandate to build a multi-tiered blockchain focused on interoperability between public and private blockchains; the Aion token pre-sale raised $7.2 million within a week and the project raised $22 million in total.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Nuco is listed among companies providing enterprise-grade blockchain infrastructure and holds a founding member and director role in the Enterprise Ethereum Alliance, as well as founding membership in the Blockchain Research Institute alongside IBM and the Government of Ontario.
Nuco positions its platform around a modular kernel architecture with interchangeable consensus, VM and API components, Ethereum VM compatibility, and enterprise-optimized Byzantine Fault Tolerance and Proof of Work implementations, together with administration tooling intended to reduce development overhead.
Technology
The Nuco platform is built as a modular kernel with pluggable consensus, virtual machine and API modules. It supports Turing-complete code compatible with the Ethereum Virtual Machine and includes implementations of Byzantine Fault Tolerance and Proof of Work consensus algorithms optimized for enterprise environments, plus tooling for developing and administering blockchain networks.
Go-to-market
Enterprises seeking to deploy permissioned or enterprise-grade blockchain networks, including capital markets and energy trading operators such as TMX Group's NGX business line, and public-sector bodies such as the Ontario Securities Commission, which Nuco advises on cryptocurrency and ICO policy.
Geography
Headquartered in Toronto, Ontario, Canada, with a stated area served of worldwide.
History
Founded in 2016 by three former Deloitte blockchain leads, Nuco became a founding member of the Enterprise Ethereum Alliance in February 2017. In May 2017 it announced a collaboration with TMX Group on natural gas settlements for the NGX business line, and it is a founding member of the Blockchain Research Institute together with IBM and the Government of Ontario. In the fall of 2017, Nuco created the Aion Network to build a multi-tiered interoperable blockchain connecting public and private chains; Aion raised $22 million to build the network.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Timeline · 5
launches, deals, and filingsThe Aion ICO pre-sale raised $7.2 million in under a week, with the project reported to have raised $22 million in total to build the first interoperable blockchain network.
$22M source ↗
Nuco announced a collaboration with TMX Group to develop a blockchain prototype for natural gas settlements in TMX's NGX energy business line.
Nuco became a founding member of the Enterprise Ethereum Alliance at its February 2017 launch, and is described as a founding member and director of the alliance.
Nuco is a founding member of the Blockchain Research Institute, in collaboration with IBM and the Government of Ontario.
In the fall of 2017, Nuco created the Aion Network with a mandate to build a multi-tiered blockchain focused on interoperability, connecting public and private blockchains.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- Company:Nuco - HandWikihandwiki.org · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Enterprise Blockchain Platform do?
- Nuco is a Toronto-based developer of a modular enterprise blockchain platform for business environments.
- Who are Enterprise Blockchain Platform's investors?
- Enterprise Blockchain Platform's investors include ZMT Capital.