Securrency, a leading developer of blockchain-based financial and regulatory technology, announced that it raised USD $30 million in its Series B funding round.
The funding round was backed by WisdomTree Investments, Abu Dhabi Catalyst Partners Limited (ADCP), State Street, and U.S. Bank, among other investors.
“We believe the Securrency team is uniquely suited to lead in blockchain-based fintech and regtech going forward,” said Jonathan Steinberg, WisdomTree Founder and CEO. “Our ongoing financial commitment reaffirms the strength of our support.”
With this new funding at hand, Washington D.C-based Securrency is hoping for growth into new products and markets around the globe.
Co-founder and CEO of Securrency, Dan Doney said “This funding is a huge milestone for Securrency,” he added, “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.”
WisdomTree Founder and CEO, Jonathan Steinberg said, “We believe the Securrency team is uniquely suited to lead in blockchain-based fintech and regulatory technology going forward.”
“Our ongoing financial commitment reaffirms the strength of our support and partnership in shaping the future of financial services with Securrency and our fellow investors,” Steinberg concluded.
At the moment, Securrency has applied for licenses to establish regulated financial services businesses in the Abu Dhabi Global Market (ADGM).
ADGM is a world-class financial center boasting a rigorous but progressive regulatory framework for digital assets of all types. The investment by ADCP builds on previous investment in Securrency, by the Abu Dhabi Investment Office.
This year, the company is expecting to earn around $2 million in revenue, the same as in 2020. According to Doney, a “significant increase” is expected in 2022 after new products are rolled out this year.