Blockchain compliance firm Securrency raises $30m in Series B round
Securrency, a provider of blockchain-based financial and regulatory technology, has raised $30 million in a Series B funding round.
The Series B saw participation from WisdomTree Investments, Abu Dhabi Catalyst Partners Limited (ADCP), State Street, and US Bank, among others.
Securrency offers what it calls a “fully-interoperable distributed identity and compliance framework”, which can connect legacy technology to new blockchain systems.
This new injection comes on the heels of a $17.6 million Series A round in early 2020.
Securrency says its fresh funding will “fuel growth into new products and markets around the world.”
“We have focused from our inception on financial logistics and have created a truly institutional-grade financial services ecosystem,” says co-founder and CEO Dan Doney. The company was founded in 2015.
“Blockchain technology will be a vital part of the interconnected and interoperable future of global finance, but a truly viable system must connect […] to infrastructure.”
On the back of its new raise, the firm has applied for licences to establish a business in the financial centre of Abu Dhabi. In partnership the Abu Dhabi Global Market (ADGM) it plans to offer digital assets services to a global marketplace.
Securrency also aims to establish its own network of regulated financial services companies in the US and ADGM to “enhance global liquidity” and “promote expanded market access”.