With the growth of the market and increased interest from companies, Securrency has just announced $30 million in opportunistic purchases. Securrency wants to forge the iron while it’s still hot to establish itself in the industry as a provider of lock-in services. With new capital in hand, these plans just got a big boost.
What is the plan?
For the future, Securrency has defined several areas in which it operates. This includes developing DeFi-centric solutions, bridging the gap between traditional finance and the digital age, and global expansion.
Securrency CEO Dan Doney said: In the coming year, we will continue to work closely with our strategic partners and bring compliant decentralized finance (DeFi) solutions and other powerful products to market – in line with our mission to optimize financial logistics.
The United Arab Emirates is the region for further expansion. This partnership is an extension of previous partnerships where Securrency already had a presence in the neighboring region of Saudi Arabia.
This particular round, which took place in Series B, amounted to $30 million. Here are some of the companies that have been at the forefront of these funding efforts.
- Invest in the tree of wisdom
- National road
- Abu Dhabi Catalyst Partner
- US Bank
Following the announcement of the end of their Series B, representatives from each Securrency and lead investor WisdomTree took the time to comment.
Dan Doney, CEO of Securrency, explains,
From the beginning, we focused on financial logistics, creating a true ecosystem for financial services at the institutional level, focused on automated compliance to support the issuance, exchange, management and maintenance of digital assets. Blockchain technology will be an important part of a connected and interoperable future for the global financial sector, but a truly viable system must connect the entire universe of financial services and systems to the digital asset infrastructure. Securrency’s central platform will be the conduit through which all future value can be traded in real time and securely, and it will serve as a bridge connecting traditionally disconnected financial markets and ecosystems to improve speed and efficiency and reduce costs.
Jonathan Steinberg, CEO of WisdomTree, Ga,
We have a high strategic threshold for the use of our company’s balance sheet. We hosted Securrency’s Series A round and are excited to be a full participant in their Series B round. We believe the Securrency team is uniquely positioned to lead the fintech blockchain and regtech space into the future. Our current financial commitments confirm the strength of our support and partnership in shaping the future of financial services with Securrency and our other investors.
The funding levels in series B above should come as no surprise. About a year ago, Securrency successfully completed the Series A round and raised over $17 million.
It should be noted that this earlier increase was also supported by WisdomTree Investments. With the desire to return to the B range, the investment community is clearly impressed with what Securrency has accomplished this year.
Talking to Dan
To learn more about Securrency, we interviewed CEO Dan Doni in the past. In this lecture, Doni explains how Securrency came to be and where it is headed in the future. You can find the interview HERE.
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