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Securrency raises $17.65m in series A funding to fuel blockchain and ETF mission

Washington D.C-based Securrency, a blockchain-powered financial services firm, has recently secured $17.65m in its series A funding round led by New York-based WisdomTree Investments as a strategic investor.

By
investing and collaborating with Securrency, WisdomTree is planning to
integrate its blockchain technology into the exchange-traded fund (ETF)
ecosystem to bring the benefits of ETFs to a wider range of investors and
improve the investor experience.

Abu
Dhabi Investment Office, Japan’s Monex Group and VC firms RRE Ventures,
Strawberry Creek Ventures, and Panthera Capital Investments, also participated
in the fundraising round.

Jonathan
Steinberg, WisdomTree Founder and CEO, said: “Our investment in Securrency is
the result of a multi-year review of blockchain technology and the associated
landscape. In our review, we found instances of unnecessary applications of the
technology and poor compliance with existing regulations; however, there are
numerous elements of blockchain technology that, when correctly applied, will
bring benefits to investors. Using the technology, we believe we have
identified areas for exciting innovation within the ETF ecosystem and in
financial services more broadly, all with a focus on meeting the highest
standards of regulation.”

This
is by no means the only blockchain funding news to come out of New York in recent
weeks. BaaS solutions provider Horizon
raised $5 million
in December in a series A funding round to further enhance
and boost the operations of its proprietary technology. The company offers
full-stack digital securities issuance, compliance, and secondary trading
technology which it markets to licensed, regulated financial institutions
globally.

Two months earlier, BlockApps announced the successful completion of its series A funding round to focus its mission on providing an enterprise-grade blockchain platform. BlockApps aims to help industries create blockchain-based business networks. It would use the raised funds in the healthcare, energy, agriculture, and travel industries.

Interested in hearing more in person? Find out more at the Blockchain Expo World Series, Global, Europe and North America.

The post Securrency raises $17.65m in series A funding to fuel blockchain and ETF mission appeared first on The Block.

Read the original post: Securrency raises .65m in series A funding to fuel blockchain and ETF mission

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