The startup will leverage the funds to further develop its cutting-edge technology and strengthen its presence in the GCC.
US-based crypto firm and developer of institutional-grade blockchain financial and regulatory technology, Securrency, announced the closing of their Series A funding round of $17.65 million from leading financial services companies and venture firms focused on financial market infrastructure technology. With this fresh capital, Securrency aims to advance its software and platform development, integrate with key strategic partners and other customers to establish its operational structure.
“We have been building over the past several years a unique framework that is not restricted to one blockchain or platform in order to allow for the remarkable innovations across this space to come together in a way that encourages the major institutions, market makers, and other market players to swiftly and confidently transition into this new technological paradigm,” says Dan Doney, CEO of Securrency.
The investment round was led by Wisdom Tree Investments as a strategic investor, with additional participation from Abu Dhabi Investment Office through its Venture Fund, Fujairah Holding’s venture arm, Panthera Capital Investments. Other global venture firms like Monex Group, Strawberry Creek Ventures and RRE Ventures also participated in the round.
“We are committed to supporting innovation-led businesses to establish and grow in the emirate of Abu Dhabi. Abu Dhabi is a global beacon for technology, innovation and talent, and our tech ecosystem is enabling companies to develop and commercialise world-class innovation,” says Tariq Bin Hendi, Director General at the Abu Dhabi Investment Office.
Headquarted in the United States, Securrency has been exponentially growing its operations in the Abu Dhabi Global Market. Securrency is a pioneer at blockchain-based financial markets’ infrastructure technology, focusing on its unique identity and compliance framework to support global digital securities transactions. Securrency’s proprietary, patent-pending Compliance Aware Token technology provides multi-jurisdictional compliance and unprecedented convenience to financial services providers and market participants to facilitate the issuance, trading, and servicing of digital securities and other digital assets.
For its Series A round, Securrency aims to be a leader in the financial markets industry, particularly as a global issuer of highly-liquid securities and proven market innovations. Securrency’s technology is blockchain-agnostic and its compliance and policy-enforcement tools that support ledger-to-ledger transactions across multiple blockchains.
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