The blockchain compliance solutions provider Securrency raised $30 million in a Series B funding round.
We are thrilled to announce our successful Series B raise of $30M with world-class financial institutions @WisdomTreeETF’s @State Street, @USBank, and @Catalystuae, — a significant milestone for @Securrency!https://t.co/thYMQpRskb pic.twitter.com/ONOObkaOjh
— Securrency (@Securrency) April 26, 2021
WisdomTree Investments, State Street, U.S. Bank and Abu Dhabi Catalyst Partners (a subsidiary of Abu Dhabi’s sovereign fund and Falcon Edge Capital) participated in the round.
The funds will be used to launch DeFi products for banks and to enter new markets.
In an interview with CoinDesk, Securrency’s Chief Strategy Officer Patrick Campos described the product as cross-platform software that links blockchains with traditional systems on the basis of a common regulatory-compliance framework.
Securrency has applied for a license to operate in Abu Dhabi’s International Financial Centre.
WisdomTree led Securrency’s Series A round in January 2020. ForkLog reported at the time on the financial giant’s plans to issue a regulated stablecoin.
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