Securrency, a global financial services technology infrastructure and products company, announced on Monday it raised $30 million through its Series B investment round, which saw participation from WisdomTree Investments, Abu Dhabi Catalyst Partners Limited (ADCP), State Street, and U.S. Bank. The investment round comes just a little over a year after Securrency secured $17.65 million through its Series A round.
As previously reported, Securrency describes itself as a technology products company that delivers a complete suite of security and compliance tools to issuers, broker-dealers, and alternative trading system (ATS) operators to enable the issuance, maintenance, and secondary trading of tokenized securities.
“Securrency has developed a unique Compliance Aware Token that embeds regulatory and transactional rules in a compliance layer to facilitate legally-compliant securities offerings in the United States and globally. Securrency’s protocol can be utilized on the Ethereum, Stellar, Ripple, EOS and other distributed ledgers, as well as on legacy systems, allowing for seamless on-chain and off-chain movement of tokens. Securrency’s Know Your Wallet tools can detect money laundering and other nefarious activity, thereby minimizing the risk of bad actor participation in secondary trading.”
Speaking about the company’s development, Dan Doney, Co-Founder and CEO of Securrency, stated:
“We have focused from our inception on financial logistics and have created a truly institutional-grade financial services ecosystem centered on automated compliance to support the issuance, exchange, administration, and servicing of digital assets. Blockchain technology will be a vital part of the interconnected and interoperable future of global finance, but a truly viable system must connect the full panoply of financial services and systems to digital assets infrastructure.”
In regards to the investment round, Doney added:
“This funding is a huge milestone for Securrency. 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.”