Zodia, Standard Chartered’s crypto custody business which is supported by Northern Trust, has raised USD36m as part of a Series A funding round led by SBI Holdings, a Japan-based venture capital fund manager. Standard Chartered remains the majority owner.
Category: Fundraising
Finoa wins new licenses in Germany
Finoa, the Germany-based cryptocurrency custodian, has received three license approvals from BaFin, Germany’s financial regulator. Finoa has been operating under a preliminary crypto custody license since 2020. In addition to the custody approval, Finoa received approval for broker/dealer and prop trading licenses, which allows the firm to trade with its own treasury but not against…
Taurus raises USD65m
Taurus SA, the Swiss-based digital asset infrastructure provider, has completed a USD65m Series B capital raise from strategic investors. The round is led by Credit Suisse and includes participation from new institutional investors including Deutsche Bank, Pictet Group, and Cedar Mundi Ventures, as well as from Series A investors, Arab Bank Switzerland and Investis. The…
Parfin raises USD15m for LatAm expansion
Parfin, the LatAm-focused digital assets service provider, has raised USD15m to provide web3 infrastructure solutions to Latin America. The fundraising was led by Framework Ventures and also sees participation from Alexia Ventures and Valor Capital Group, as well as L4 Venture Builder, the Brazilian stock exchange’s investment fund, subject to final approval. Founded in 2019,…
PolySign raises USD53m
PolySign, Inc., a fintech providing blockchain-enabled digital asset infrastructure for institutional investors, has closed its USD53m Series C funding round with participation from Cowen Digital, Brevan Howard, and GSR, inter alia. Beyond the funding, PolySign also secured a USD25m credit facility with Boathouse Capital. PolySign is the owner of Standard Custody & Trust Company, a…
Chainalysis raises USD170m
Chainalysis, the blockchain data platform, has raised USD170m through a Series F financing round led by GIC, Singapore’s sovereign wealth fund, bringing its valuation to USD8.6bn. Previous investors Accel, Blackstone, Dragoneer, and FundersClub increased their investment in the company, and BNY Mellon and Emergence Capital also participated. Chainalysis is now the largest enterprise SaaS company…
Talos raises USD105m to achieve unicorn status
Talos, a New York-based provider of institutional digital asset trading technology, has raised USD105m in a Series B funding round that values the company at USD1.25bn. The round was led by private equity firm General Atlantic, with participation from investors in both the traditional finance and digital asset spaces. New investors included Stripes, BNY Mellon,…
PolySign to acquire MG Stover
PolySign Inc., the U.S.-based digital assets fintech, has agreed to acquire MG Stover, a U.S.-based alternatives administrator with >USD40bn in digital assets under administration, believed to the world’s largest. The acquisition will enable PolySign “to deliver a comprehensive, vertically integrated custody, trading and administration offering to institutional investors for cryptocurrency and digital assets”. PolySign expects…
Coin Metrics raises USD35m
Coin Metrics, a provider of crypto financial intelligence, has raised USD35m in Series C financing, led by Acrew Capital and BNY Mellon. Goldman Sachs, Fidelity Investments, Highland Capital Partners, Avon Ventures and Morningside Technology Ventures are continuing their investments in the company after participating in previous fundraising rounds. They are joined by new investors Cboe…
Hex Trust raises USD88m
Hex Trust, an Asia-based digital asset custodian with >USD5bn AuC, has closed its Series B funding round of USD88m. The funding round was co-led by Animoca Brands and Liberty City Ventures. The new funding will be used to expand in Europe and the Middle East, obtain additional licences, continue development and innovation, and enhance new…