{"id":69407,"date":"2022-11-01T17:55:35","date_gmt":"2022-11-01T15:55:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=69407"},"modified":"2025-09-07T19:52:17","modified_gmt":"2025-09-07T16:52:17","slug":"crypto-bank-caitlin-long-led-custodia-raises-7-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/crypto-bank-caitlin-long-led-custodia-raises-7-million\/","title":{"rendered":"Crypto bank Caitlin Long-led Custodia raises $7 million"},"content":{"rendered":"<p>The cryptocurrency bank Custodia (formerly Avanti) raised $7 million. <a href=\\\"https:\/\/www.theblock.co\/post\/181344\/caitlin-longs-digital-asset-bank-custodia-raises-7-million\\\">The Block<\/a> reports, citing a filing with the U.S. Securities and Exchange Commission.<\/p>\n<p>\\n\\n<\/p>\n<p>The company did not disclose information about the investors and did not respond to requests for comment.<\/p>\n<p>\\n\\n<\/p>\n<p>In March 2021, then-named Avanti, the startup <a href=\"https:\/\/forklog.com\/en\/news\/avanti-raises-37m-ahead-of-digital-asset-bank-launch\">raised $37 million<\/a> as part of a Series A funding round. Investors included Binance.US, Coinbase Ventures, Morgan Creek Digital and other institutions.<\/p>\n<p>\\n\\n<\/p>\n<p>The total funding raised by Custodia now stands at $51 million.<\/p>\n<p>\\n\\n<\/p>\n<p>In September 2021, Caitlin Long, the CEO of the cryptocurrency bank, <a href=\"https:\/\/forklog.com\/en\/news\/avanti-ceo-criticises-new-york-times-article-on-the-crypto-industry-and-defi\">criticised The New York Times article on digital assets and decentralised finance<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>In June 2022, Custodia <a href=\"https:\/\/forklog.com\/en\/news\/kaitlin-longs-cryptocurrency-bank-sues-the-fed\">filed a lawsuit<\/a> against <span data-descr=\\\"the U.S. Federal Reserve System\\\" class=\\\"old_tooltip\\\">\u0424\u0420\u0421<\/span> for the regulator&#8217;s delay in ruling on the application for access to the regulator&#8217;s payment system through a master account.<\/p>\n<p>\\n\\n<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto bank Custodia (formerly Avanti) raised $7 million. The Block reports, citing a filing with the U.S. Securities and Exchange Commission.<\/p>\n","protected":false},"author":1,"featured_media":69408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2003,1133],"class_list":["post-69407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-avanti","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"49","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/69407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=69407"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/69407\/revisions"}],"predecessor-version":[{"id":69409,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/69407\/revisions\/69409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/69408"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=69407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=69407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=69407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}