Blockchain-based compliance tools provider Securrency raises $30 million in Series B funding
April 26, 2021, 8:00AM EDT
1 min read
Securrency, a blockchain-based compliance tools provider for banks and financial institutions, has raised $30 million in a Series B funding round.
The round was backed by asset manager WisdomTree Investments, State Street, U.S. Bank, and Abu Dhabi Catalyst Partners — a joint venture between Abu Dhabi state investor Mubadala Investment and Falcon Edge Capital, among other investors.
With fresh capital at hand, Washington, D.C.-based Securrency aims to launch new products and expand internationally.
Specifically, Securrency said it has applied for licenses to establish the business in the Abu Dhabi Global Market (ADGM), an international financial center in the capital city of the UAE.
As for new products, Securrency's co-founder and CEO Dan Doney said the firm would deliver "compliant decentralized finance (DeFi) and other powerful products" in the coming year.
"We believe the Securrency team is uniquely suited to lead in blockchain-based fintech and regtech going forward," said WisdomTree founder and CEO Jonathan Steinberg. "Our ongoing financial commitment reaffirms the strength of our support and partnership in shaping the future of financial services with Securrency and our fellow investors."
Gemini Galactic, an affiliate of cryptocurrency exchange Gemini, received approval from the Financial Industry Regulatory Authority (FINRA) to operate a broker-dealer registered with the SEC and is now a FINRA member.