Securrency, a blockchain-based financial and regulatory technology platform, has closed its Series B round on $30m.
The round was backed by WisdomTree Investments, Abu Dhabi Catalyst Partners Limited (ADCP), State Street, U.S. Bank and others.
This fresh equity will be used to fuel the company’s growth into new products and markets around the world. Additionally, funds will be used to hire more staff for its development and commercial team.
Securrency has applied for licences to establish regulated financial services businesses within the Abu Dhabi Global Market. Working with ADCP will help it offer digital asset services in the region.
In addition to working with strategic institutional partners, the FinTech hopes to establish a network of regulated financial services companies in the US and Abu Dhabi Global Market. It hopes this will enhance global liquidity and promote expanded market access and financial inclusion worldwide.
Securrency’s chief strategy officer Patrick Campos added that the FinTech is planning to release retail-focused products as well as build new technologies for DeFi.
The company offers a blockchain-powered platform to automate compliance, streamline financial transactions and interconnect markets with open infrastructure.
Securrency co-founder and CEO Dan Doney said, “Blockchain technology will be a vital part of the interconnected and interoperable future of global finance, but a truly viable system must connect the full panoply of financial services and systems to digital assets infrastructure.
“Securrency’s core platform will be the rails on which all future value can move securely with real-time settlement and will serve as a bridge linking traditionally disconnected financial markets and ecosystems to enhance speed and efficiency and to drive down costs.”
The FinTech previously raised $17.65m in its Series A round back in 2020. This former round had been led by WisdomTree Investments.
Copyright © 2021 FinTech Global
Copyright © 2018 RegTech Analyst
