Currency IBM, Tata Communications join US tech platform's governing council Updated : August 14, 2019 08:28 AM IST Backed by Digital Currency Group and hedge fund BlockTower Capital, Hedera raised $124 million in August last year amid a slumping cryptocurrency market. Cryptocurrencies though made a huge comeback earlier this year, led by bitcoin, which has soared more than 200 percent so far in 2019. Hedera aims to have 39 members of the governing council. Aside from IBM and Tata, the other members include Nomura Holdings Inc and Deutsche Telekom AG. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.