Blockchain Compliance Firm Securrency Raises $30M In Series B Funding

Blockchain | April 27, 2021 By:

Global financial services technology firm Securrency has raised $30 million in its Series B funding round, with participation from WisdomTree Investments, Abu Dhabi Catalyst Partners Limited (ADCP), State Street, and U.S. Bank, among other investors.

Securrency is a financial markets infrastructure technology company focused on enhancing capital formation and stimulating global liquidity by deploying state-of-the-art technology built upon a uniquely interoperable identity and compliance framework. Its Compliance Aware Token technology provides multi-jurisdictional compliance and unprecedented convenience to financial services providers and market participants to facilitate the issuance, trading, and servicing of digital securities and other digital assets. Securrency’s technology is blockchain-agnostic and its compliance and policy-enforcement tools support ledger-to-ledger transactions across multiple blockchains.

The backing of Securrency’s Series B round by one of the world’s premier ETF providers, along with two of the top 15 largest banks by assets in the U.S., and a strategic sovereign fund, is a remarkable step forward in the legitimization of the digital asset economy. On the heels of its successful $17.75 million Series A round in 2020, this new funding will fuel the next stage of Securrency’s growth into new products and markets around the world.

Through championing and protecting innovation, Securrency aims to lay down the rails on which all future value can move seamlessly and globally in an open, interoperable, and responsible manner, while still respecting privacy and encouraging access and financial inclusion.

“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,” said Dan Doney, Co-Founder and CEO of Securrency. “This funding is a huge milestone for Securrency,” continued Doney, “with strategic investment from world-leading financial services institutions. 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.”