Connect with us

Digital Assets

Securrency Raises $30 Million in Series B Funding Round

mm

Updated

 on

securrency

With markets booming, and institutional interest rising, Securrency has just announced the timely procurement of $30 million.  As a blockchain service provider, Securrency is looking to strike while the iron is hot as it works to establish itself within the sector.  With fresh capital in-hand, these plans just received a major boost.

What is the Plan?

Moving forward, Securrency has identified multiple areas in which it is working.  These include developing solutions geared towards DeFi, bridging traditional finance with the digital age, and expansion on a global scale.

Securrency CEO, Dan Doney, states, “In the coming year, we will continue to work closely with our strategic partners and to, simultaneously, deliver compliant decentralized finance (DeFi) and other powerful products into the market in keeping with our mission to optimize financial logistics.”

A region which is specifically highlighted for continued expansion, is the United Arab Emirates.  This aligns with a past partnership, which already saw Securrency establish a presence in the neighbouring region of Saudi Arabia.

Details of the Raise

This particular raise, which was a Series B, came in to the tune of $30 million.  The following are a few companies which headlined this funding effort.

  • WisdomTree Investments
  • State Street
  • Abu Dhabi Catalyst Partners
  • U.S. Bank

Commentary

Upon announcing the completion of its Series B, representatives from each Securrency and headline investor WisdomTree, took the time to comment.

Dan Doney, CEO of Securrency, states,

“We have focused from our inception on financial logistics and have created a truly institutional-grade financial services ecosystem centered on automated compliance to support the issuance, exchange, administration, and servicing of digital assets.  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.”

Jonathan Steinberg, CEO of WisdomTree, states,

“We have a high strategic threshold for deploying our firm’s balance sheet.  We led Securrency’s Series A round and are excited to be a meaningful participant in their Series B round.  We believe the Securrency team is uniquely suited to lead in blockchain based fintech and regtech going forward.  Our ongoing financial commitment reaffirms the strength of our support and a partnership in shaping the future of financial services with Securrency and our fellow investors.”

Past Raises

The levels of funding seen in the aforementioned Series B should not be surprising.  Roughly one year ago, Securrency successfully completed its Series A – raising over $17 million in the process.

Notably, this previous raise was also headlined by WisdomTree Investments.  With a desire to return for a Series B, the investment firm is obviously impressed with what Securrency has been working towards this past year.

Speaking with Dan

In an effort to learn more about Securrency, we have in the past interviewed its CEO, Dan Doney.  In this conversation, Doney touches on how Securrency came to be, and where it plans to go in the future.  The interview can be found HERE.

Joshua Stoner is a multi-faceted working professional. He has a great interest in the revolutionary 'blockchain' technology. In addition to this, he is a licenced Paramedic in Nova Scotia, Canada. As such, he can provide emergency care/medicine to any situation necessitating it.

Newsletter Subscription

Advertiser Disclosure: Securities.io is committed to rigorous editorial standards to provide our readers with accurate reviews and ratings. We may receive compensation when you click on links to products we reviewed.

ESMA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Investment advice disclaimer: The information contained on this website is provided for educational purposes, and does not constitute investment advice.

Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies.

This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

Securities.io is not a registered broker, analyst, or investment advisor.


Warning: call_user_func_array() expects parameter 1 to be a valid callback, class 'FlyingAnalytics\Js' not found in /home/customer/www/securities.io/public_html/wp-includes/class-wp-hook.php on line 303