Global financial services technology firm Securrency has raised $17.65 million in a Series A funding round led by strategic investor WisdomTree Investments, Inc. (WETF). Other participants in the round include the Abu Dhabi Investment Office through its Ventures Fund, Japanese financial services giant Monex Group, and venture capital firms RRE Ventures, Strawberry Creek Ventures, and Panthera Capital Investments, a venture arm of Fujairah Holding.
Securrency is a financial markets infrastructure technology company focused on enhancing capital formation and stimulating global liquidity by deploying state-of-the-art technology built upon a uniquely interoperable identity and compliance framework. Its 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. Securrency’s technology is blockchain-agnostic and its compliance and policy-enforcement tools support ledger-to-ledger transactions across multiple blockchains.
Securrency will use the latest funding to advance its software and platform development, integrate with key strategic partners and other customers and build out 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,” said Dan Doney, CEO of Securrency. “WisdomTree has a well-deserved reputation as an innovator within financial services, and we are thrilled to have them as our lead investor. WisdomTree has truly exciting applications for our technology. Our partnership with WisdomTree will allow us to demonstrate unique features of our technology, specifically our Compliance Aware Token framework and multi-ledger capabilities.”
WisdomTree Founder and CEO Jonathan Steinberg said that their 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,” Steinberg said. “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.”
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