Securrency, a blockchain regtech company, has raised $30 million in a Series B funding round, that included investors such as WisdomTree Investments, Abu Dhabi Catalyst Partners Limited (ADCP), State Street, and U.S. Bank.
The company, which is based in Washington D.C., will use the funding to scale its growth into markets across the world. Securrency provides automated compliance infrastructure tools for financial services companies, according to Finextra.
“This funding is a huge milestone for Securrency,” Dan Doney, Co-Founder and CEO of Securrency said in a statement. “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.”
Securrency said it has applied for licenses in the Abu Dhabi Global Market (ADGM) and plans to offer digital asset services to a global marketplace from the ADGM, in partnership with ADCP. It also plans to establish its own network of regulated financial companies in the U.S. and ADGM to further expand its access globally while also enhancing liquidity.
“State Street is pleased to partner with Securrency as we continue to progress our digital asset strategy,” Dean Sakati, Head of Product Innovation and Business Development for State Street Global Markets, said in a statement. “We believe in the value Securrency can bring to our clients by promoting interoperability, regulatory compliance across multiple jurisdictions, and solutions for identity management, as we continue to develop our digital assets servicing models.”
In other recent fundraising news, Clearbanc has rebranded to Clearco, to reflect its broader platform that not only invests in ecommerce and software companies, but also provides products and services as well. Along with the rebrand came a fresh $100 million Series C equity funding round to propel Clearco’s expansion, a news release shows.