ADVERTISEMENT

Blockchain startup Securrency raised $17.65 million in a Series A funding round.
B

Blockchain startup Securrency raised more than $17 million in a Series A funding round, which was led by Nasdaq listed WisdomTree Investments, Inc.

WisdomTree announced that it made a strategic investment in Securrency and aims to use the company’s technology to the exchange-traded funds’ ecosystem. Abu Dhabi Investment Office was the second-largest investor in the round with $5.4 million. Other strategic investors that participated include Monex Group, and venture capital firms RRE Ventures, Strawberry Creek Ventures, and Panthera Capital Investments. Internships and jobs are constantly increasing in the blockchain sector all over the world.

 

WisdomTree would apply Securrency’s technology to the ETF ecosystem.

The startup’s technology solves the challenges of tokenizing that WisdomTree wants to utilize in its business. Securrency’s blockchain-based financial and regulatory technology has a built-in compliance framework that makes it easier to tokenize securities. The startup intends to use the new funding to further develop its blockchain-based ETF services. Securrency also revealed that it would continue to build relationships with tangential firms like government-backed ADIO.

 

“We have identified areas for innovation within the ETF ecosystem.”

The CEO and founder of WisdomTree, Jonathan Steinberg, said that using this technology, they believe they have identified areas for exciting innovation within the ETF ecosystem and in financial services more broadly, all with a focus on complying with the highest standards of regulation. Securrency co-founder and COO John Hensel told International Business Times that they are working closely with WisdomTree to deliver regulatory-compliant financial instruments that are representatives of the asset types that they currently offer in the market and therefore bridging the legacy financial services environment to distributed ledger environment.

+ posts

Arun is a writer by day and a reader by night. He is on a mission to stamp out gobbledygook and to highlight the insider stories about startups and entrepreneurs around the country.

Disclaimer: The views, thoughts, and opinions expressed in the article have been curated for our audience and does not warrant a 100% accuracy. All the information mentioned in the article is subject to change according to the changing viewpoints. Feel free to reach us at [email protected] for any change or copyright issues.

Note: If you buy something via a link on this page, we might earn a small commission on it.

Arun A
Arun A
Arun is a writer by day and a reader by night. He is on a mission to stamp out gobbledygook and to highlight the insider stories about startups and entrepreneurs around the country.

Leave A Reply

Please enter your comment!
Please enter your name here

related stories

Biyani, Reliance, and Amazon are back on the news, and this time, it's a victory for the two "Indian" Giants as they now reach the final goal of their path.

The ‘Future looks bright for the Biyani-Reliance deal as it concludes on equal grounds

0
2020 has been a year of drama for everyone as well as for Mr. Kishore Biyani. The man who's industrialism and idea of a...
The reptile market is booming and falling at the same time. Booming to a new trend of attractive fashion offered by fashion houses.

How the Animal Hide industry falls endangered to Environmental campaigns?

0
Trade-in wildlife is a driving force of the biodiversity crisis. Unregulated or unregulated trade in wildlife can lead to unsustainable exploitation of wildlife populations....
After Facebook, considering the growing Internet penetration and young population, Twitter is also actively looking to expand its user base in India.

Why Twitter has shifted its focus to India with a sharp eye for international...

0
Twitter is a reflection of what's happening across the globe and what people are talking about. It is a real-time microblogging platform launched in...
During November and December, many companies and start-ups have put up an IPO, an initial public offering to increase capital and increase investor growth.

How Nazara’s IPO launch can boost itself to larger domains?

0
Cricket game developer Nazara Technologies Ltd, supported by billionaire Rakesh Jhunjunwala, became the first Indian gaming technology company to launch mobile entertainment in the...

Prarambh, Indian Startup Ecosystem, and Modi Government

0
The Indian Prime Minister Narendra Modi had announced a Startup India seed funding worth 1,000 crores INR to allow Indian startups to secure initial...
Byju's is setting up a record fo acquiring the best of the startup sector and with the latest acquisition of Aakash Educational Services Limited.

Is Byju’s aiming at monopoly with the 1 billion dollar acquisition of Aakash?

0
The education sector is rapidly changing. The way of education itself is changing, but at what rate? Is it alarming, or is it unprecedented?...
One can improve several areas of one's entrepreneurial, business, and leadership skills with the Art of War by Sun Tzu. Let's take a look at these lessons.

‘The Art of War’: Startup Lessons for Modern Entrepreneurs

0
The Art of War by Sun Tzu is a book that focuses on military strategy, written about 2,500 years ago. Even though the book...
The CoWin app is the news of the Nation. An Indian extension of the eVin app introduced by the United Nations has developed the vaccine's beneficiaries.

Will CoWin’s unique process encourage a clean vaccine drive for India?

0
The Nation has been through a lot during the past nine months. Millions of cases and thousands of deaths had hampered the decisive ability...
ADVERTISEMENT