Unchained Announces $60M Series B Fundraising Round

2023-4-18 18:00

Funding led by Valor Equity Partners and other existing investors will go towards the firm’s expansion and improvement.

Unchained, a financial services provider for bitcoin holders, has announced that it has raised $60 million in its Series B funding round. The funding was led by Valor Equity Partners and included participation from existing investors such as NYDIG, Trammell Venture Partners, Ecliptic Capital and Highland Capital Partners. According to a press release sent to Bitcoin Magazine, funding will be used to expand Unchained’s client base and improve its suite of financial services.

Unchained’s collaborative custody model aims to use Bitcoin’s native multisignature capabilities to provide the benefits of self-custody while mitigating risks associated with self-custody. The model allows clients to share control of their bitcoin between private keys they hold themselves and private keys held by Unchained and other financial services companies. The platform currently secures over $2 billion in bitcoin across thousands of keys worldwide, according to the press release.

Vivek Pattipati, a Partner at Valor who will be joining Unchained’s Board of Directors, described Unchained’s current position, saying that “in the midst of market chaos, Unchained has emerged as a highly trusted provider of Bitcoin custody and financial services through superior technology, risk management, regulatory compliance, and client service.”

The company has originated over $500 million in bitcoin-collateralized loans since 2017, the press release states, while experiencing zero loan losses. The Unchained trading desk allows clients to buy bitcoin directly to cold storage, and its IRA offering allows clients to hold keys to their bitcoin within tax-advantaged retirement accounts, which the release notes is an industry-first.

Unchained feels that as bitcoin continues to grow in adoption, there is a tremendous opportunity for products that bridge into the traditional dollar ecosystem around credit, trading, investment and other financial services. “Using this fresh capital investment to expand our reach and suite of services, we hope to enable new entrants to Bitcoin to leapfrog centralized custodians into our safer collaborative custody model,” said Unchained CEO Joe Kelly.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Crypto Improvement Fund (CIF) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 CIF

investors existing towards improvement expansion firm partners

Источник: bitcoinmagazine.com

investors existing → Результатов: 126


Certora привлекла $36 млн от Jump Crypto, Tiger Global и Galaxy Digital

Израильская компания Certora, специализирующаяся на инструментах для анализа безопасности смарт-контрактов, привлекла $36 млн по итогам раунда финансирования Серии В. 1/ We raised a $36M series B round, led by @jump_ with participation from @Tiger_Global, @GalaxyDigitalHQ, and existing series A investors: @ElectricCapital, @hiFramework, @coinfund_io, @Lemniscap, @coinbase, @VMware and https://t.

2022-5-18 19:34


CeFi Platform Celsius Restricts Yield Rewards To Only Accredited Investors In U.S.

Celsius has been positioned as one of the leading yield-generating CeFi platforms on the market, battling neck-and-neck with other dedicated CeFi platforms such as BlockFi and Nexo. Their positioning is seemingly weakened this week, certainly with retail investors, as the platform sent out an announcement to all users and released a public announcement that new funds supplied – even from existing accounts – into Celsius’ platform would no longer be eligible to earn yield unless they are accredited investors.

2022-4-13 03:15


Bitcoin Company NYDIG Raises $1 Billion in Latest Funding Round at a Valuation of $7B

Bitcoin financial services company NYDIG announced this week that it had raised $1 billion in its latest funding round led by VC firm WestCap at a valuation of more than $7 billion. Existing investors Bessemer Venture Partners, Morgan Stanley, New York Life, Mass Mutual, FIS, Fiserv, and Affirm holdings also participated in the round.

2021-12-15 22:07


Фото:

5 Low-Cost Altcoins with Growth Potential in Q4 2021

Cryptocurrency enthusiasts have a wide range of nearly 7,000 coins to choose from when diversifying their portfolio. While most existing digital assets have generated little to no buzz and struggle to increase their trading volumes, some have managed to attract massive interest from fast-growing communities of retail investors. A recent resurgence in the space hasRead More

2021-11-4 11:00


Криптолендинговый стартап Eco привлек $60 млн

Финтех-стартап Eco из США собрал $60 млн в ходе раунда финансирования, который возглавили инвестиционные фирмы Activant Capital и L Catterton. 📰💰🗞Big news: @ActivantCapital and @L_Catterton are co-leading a new $60 million fundraising round in @Eco, joined by existing investors like @a16z Crypto and dozens of newcomers including @LightspeedVP, LionTree Partners and Valor Equity Partners.

2021-7-29 15:30


Фото:

Европейский криптокастодиан Finoa привлек $22 млн

Провайдер криптовалютного кастодиального сервиса для институционалов Finoa закрыл раунд финансирования Серии А на сумму $22 млн. We are thrilled to announce that Finoa has closed a $22M Series A led by @balderton, with participation from our existing investors @coparion_vc, @VentureStars, and @signature_vc! https://t.

2021-4-29 15:28


Mobile crypto wallet ZenGo closes $20M Series A round

CryptoNinjas » Mobile crypto wallet ZenGo closes $20M Series A round ZenGo, a crypto mobile wallet for retail investors, today announced it has closed a $20 million Series A round led by Insight Partners with participation from Distributed Global (in partnership with Temasek Holdings) and Austin Rief Ventures, as well as existing investors Benson Oak Ventures, Samsung Next, Elron, Collider Ventures, FJ Labs, and others.

2021-4-28 23:09


Fireblocks gets $30M Series B to expand enterprise crypto storage platform

Fireblocks, an enterprise-grade storage platform for cryptocurrencies, announced today it has raised $30 million in Series B funding, bringing its cumulative fundraising to $46 million. This round was led by Paradigm with participation from existing investors, Cyberstarts, Tenaya Capital, Swisscom, Galaxy Digital, Digital Currency Group (DCG), and Cedar Hill Capital.

2020-11-19 05:30


Crypto security infrastructure provider METACO raises $17M in Series A

METACO, a provider of security-critical digital asset infrastructure for financial institutions, today announced a Series A round of $17 million. The round was oversubscribed, with demand over double the initial target, proving continued support from existing investors combined with significant interest from new strategic partners in security technology, central bank infrastructure, Swiss and global banks, […] CryptoNinjas: Crypto security infrastructure provider METACO raises $17M in Series A

2020-7-15 15:36


Binance's CZ on BTC trend: newcomers selling a lot more, existing investors buying like crazy

Bitcoin which was supposed to be an 'uncorrelated asset' has followed the same path as other 'traditional risk assets'. Binance's CEO Changpeng Zhao[CZ] in a tweet on March 20, asserted that he was anThe post Binance's CZ on BTC trend: newcomers selling a lot more, existing investors buying like crazy appeared first on AMBCrypto.

2020-3-20 15:00


Binance Buyout Brings Hope to Investors in India of Enhanced Regulation

Back in April 2018, India’s central bank instigated a massive crackdown on purchasing and trading cryptocurrency like Bitcoin. Bibhu Kanungo, who is the Deputy Governor for Reserve Bank of India, declared that all the firms regulated by the RBI should “stop having business relationships with entities dealing with virtual currencies forthwith and unwind the existing […]

2019-11-29 21:02


Statizex ICO

We defined our development strategy based on empirically acquired knowledge and on the analysis of the work of existing platforms. We spent a lot of time, effort and money developing the statizex platform, faced many challenges and solved many technological issues during its creation, this allowed us to develop a trading platform that fully meets the modern market requirements and high modern technological standards of speed and safety.

2019-10-24 21:03


Фото:

Securitize Raises $14M From Santander, MUFG, Nomura

Security token issuance platform provider, Securitize, announced yesterday that it had banked $14 million from a group of investors, including Banco Santander, MUFG, and Nomura. Securitize Raises $30M in Total The blockchain-oriented firm extended its Series A round by securing investments from Banco Santander’s venture capital arm – Santander InnoVentures, Mitsubishi UFJ’s (MUFG) venture capital subsidiary MUFG Innovation Partners, and Japan’s Nomura Holdings.

2019-9-25 15:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Revolut’s crypto exchange goes live as Bitbot’s presale surpasses $3.2M

Key takeaways London-based Revolut has launched Revolut X to compete with leading crypto exchanges. Bitbot’s presale has now officially crossed the $3. 2 million mark. Revolut X is now live for experienced traders Financial institutions continue to troop into the cryptocurrency space and London-based Revolut will not be left out.

The Secret Behind How AI-Powered Ethereum Trades Made This Trader a Millionaire

With the introduction of artificial intelligence in the investment sector, people are changing the way they invest in volatile cryptocurrencies like Ethereum. An industry that once required traders to learn complex market dynamics and study the plethora of crypto projects can now be entered into with minimal knowledge and experience.