State Street, U.S. Bank in on $30M Securrency Raise
Securrency focuses on bringing crypto compliance tools to banks and financial institutions.
Dan Doney, Securrency co-founder and CEO
key takeaways
- Securrency has raised $30 million in a Series B round from State Street, U.S. Bank, WisdomTree Investments, Abu Dhabi Catalyst Partners Limited (ADCP) and others
- With the Series B, Securrency now has $64.5 million in total funding
Securrency, a blockchain-based financial and regulatory technology firm, has raised $30 million in a Series B round from State Street, U.S. Bank, WisdomTree Investments, Abu Dhabi Catalyst Partners Limited (ADCP) and others.
Monday’s announcement follows Securrency’s $17.75 million Series A raise in early 2020, which was led by WisdomTree.
“We believe the Securrency team is uniquely suited to lead in blockchain-based fintech and regtech going forward,” said Jonathan Steinberg, WisdomTree Founder and CEO in a statement. “Our ongoing financial commitment reaffirms the strength of our support.”
Securrency focuses on bringing crypto compliance tools to banks and financial institutions. The Washington, D.C-based firm plans to expand into decentralized finance and other areas with the new capital.
“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,” said Dan Doney, Securrency co-founder and CEO in a statement.
The company also applied for licenses to expand offerings to international finance center Abu Dhabi Global Market (ADGM). With the Series B, Securrency now has $64.5 million in total funding, according to data from Crunchbase.
