Digital Assets Data to enhance crypto data insights with $6m funding
Digital Assets Data, a financial technology and data company focused on the crypto-asset industry, has launched with the support of a $6 million funding.
The investors include Distributed Global, Digital Currency Group, Morgan Creek, Galaxy Digital, Jump Capital, CMT Digital, and Ritholtz Wealth Management CEO Joshua Brown, among others.
Digital Assets Data plans to use this funding to build out its crypto data platform to provide insights to crypto hedge funds, family offices, asset management research firms, and others.
The platform, launched in March, helps clients compound their knowledge about the digital asset space and build any model, analytic, heuristic, or signal, as code.
Mike Alfred, co-founder and CEO of Digital Assets Data, says: “This is a milestone toward developing a comprehensive platform for crypto data, giving us the ability to offer terabytes of clean on-chain, market, and reference data to customers in a fully hosted cloud environment.”
Established in 2015, Digital Currency Group (DCG) aims to support blockchain and digital currency companies to fast-track the creation of an improved financial system.
DCG has invested in and supported the growth and advancement of many of the blockchain industry’s pioneers, including Coinbase, Circle, and Ripple.