Millions of Dollars Flow Into Funding Crypto Companies; Digital Asset Bank Avanti, Raises $37 Million

2021-3-27 18:01

In the ongoing bull market, crypto companies are raising millions of dollars every other day.

Money is flowing into companies dealing with digital assets, and the latest one is Avanti Bank & Trust.

The digital assets bank announced the completion of its Series A capital funding in which it raised $37 million, bringing the total raised capital to date to $44 million.

“The offering was upsized twice due to market demand,” noted the start-up digital asset bank.

Series A shareholders included a global mix of institutional investors, family offices, and cryptocurrency companies like Binance.US, Coinbase Venture, Morgan Creek Digital, Susquehanna Private Equity Investments, The University of Wyoming Foundations, and many others.

“As Bitcoin and digital asset markets mature and financialization network effects take root, there is a tremendous need for both well-crafted laws and experienced, competent operators,” said Trace Mayer, who participated in Series A fund raising.

In its official announcement, Caitlin Long, Avanti's founder, and CEO shared the bank’s plan to offer API-based U.S. dollar payment services for wires, ACH, and SWIFT and issuance of tokenized, programmable U.S. dollar called Avit along with custody and on-/off-ramp services for digital assets.

Since receiving its bank charter in Oct. 2020, it has received over 2,500 inbound customer inquiries.

In the month of March, we saw the money flowing in huge numbers:

Blockchain.com, which raised $300 million at a $5.2 billion valuation, Decentralized project Covalent raising another $2 million, Derivatives trading platform Vega raising $5 million, $23 million by NFT marketplace OpenSea, $133 million by Fireblocks at a $1.8 billion valuation, Bitpanda raised $170 million, DeFi lending protocol Alchemix raising $4.9 million, Crypto exchange aggregator OpenOcean raised $2 million, Decentralized service protocol Automate network was funded for $1 million, Ethereum 2.0 staking protocol StakeWise received funding of $2 million, Rewards-focused startup Eco got $26 million, Bitcoin Rewards App Lolli raised $5 million, CoinSmart crypto exchange raised $3.5M

All of this has happened only in March so far.

The post Millions of Dollars Flow Into Funding Crypto Companies; Digital Asset Bank Avanti, Raises Million first appeared on BitcoinExchangeGuide.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Time New Bank (TNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0020147 (-100%)

bank funding avanti flow raises million millions

bank funding → Результатов: 112


Crypto infrastructure platform Fireblocks raises $133M in Series C funding

CryptoNinjas » Crypto infrastructure platform Fireblocks raises $133M in Series C funding Fireblocks, an enterprise-grade platform delivering infrastructure for moving, storing, and issuing blockchain assets, today announced it has raised $133 million in Series C funding led by Coatue, Ribbit, and Stripes with strategic investment from The Bank of New York Mellon (BNY Mellon) and SVB.

2021-3-18 15:56


Фото:

Blockchain Adoption on the Agenda as Deutsche Bank Leads $31M Axoni Series B

Deutsche Bank has participated in a $31 million Series B add-on funding for blockchain startup Axoni which the bank says could have profound implications for the future of the capital market. The intersection of mainstream finance and the novel decentralized ledger technology (DLT) continues to expand with several participants creating protocols that will improve theRead More

2021-2-2 00:00


Iran to Use Bitcoin for International Trade, Bypassing the Dollar Due to US Sanctions

With the latest amendment to the legislation, Iran has become the first country to use cryptocurrencies at a state level for import funding. The Iranian Cabinet amended legislation to redirect digital currencies into the funding mechanism of the Central Bank of Iran (CBI) for imports, as per the report by the official The Islamic Republic […] The post Iran to Use Bitcoin for International Trade, Bypassing the Dollar Due to US Sanctions first appeared on BitcoinExchangeGuide.

2020-10-31 19:08


Фото:

Anti-Bitcoin Goldman Sachs is Ironically Preparing to Issue Its Own Fiat Digital Token

Multinational investment bank and financial services company Goldman Sachs has appointed a high blockchain and crypto-oriented Mathew McDermott, to be its new global head of digital assets. McDermott formerly ran the investment Bank’s internal funding operations and is reportedly busy expanding his new London-based Digital assets division with new hires from Asia and Europe. The […]

2020-8-8 16:14


Digital Asset Infrastructure Firm Taurus Raises $11M From Arab Bank Switzerland, Tezos

Taurus Group has secured more than €10 million in an Arab Bank Switzerland-led Series A funding round in a resoundingly successful bid to expand. Back in September 2019, the digital assets firm and Arab Bank Switzerland closed a partnership to offer the bank’s customers Bitcoin (BTC) and Ether (ETH) brokerage and custody services. It has […]

2020-4-30 23:24


Инфраструктурный стартап Taurus Group привлек €10 млн для выхода на новые рынки

Стартап Taurus Group с решениями в области инфраструктуры для цифровых активов привлек €10 млн по итогам раунда финансирования Серии А от Arab Bank Switzerland, Tezos Foundation и других инвесторов. @taurusgroup_ch is thrilled to announce the closing of a 8-digit funding round from existing and new shareholders to digitize private markets. New shareholders include Arab Bank […]

2020-4-29 18:23


Novogratz Is Bullish On Bitcoin; As Galaxy Digital, Leads $20M Funding For Current Mobile Banking App

Galaxy Digital CEO, Mike Novogratz remains bullish on Bitcoin’s long term price while speaking in an interview with CNBC on Thursday. The bullish statements follow the recent investment in Current, a millennial and Gen-Z focused bank with a blockchain wallet, by Galaxy Digital, who led the $20 million Series B funding round. Mike further confirmed […]

2019-10-25 23:28


Buy Coins with USD on BitMart “Quick Exchange”, Get Up to 50% Cash Reward!

BitMart, a premiere global digital asset trading platform, recently launched its fiat channel – Quick Exchange. Users will now be able to buy coins with No funding fees along with their US bank accounts just in minutes!  “Quick Exchange” is a service for registers to link their bank accounts to transfer USD directly from banks […] The post Buy Coins with USD on BitMart “Quick Exchange”, Get Up to 50% Cash Reward! appeared first on CCN.com

2019-10-3 21:21


Europe bitcoin bank service Bitwala raises €13 million to accelerate growth

Europe bitcoin bank service Bitwala raises €13 million to accelerate growth » CryptoNinjas Bitwala, the German-headquartered crypto-first bank app servicing the European Economic Area, today announced it has raised an additional €13 million in a Series A funding round to accelerate growth and offer B2B accounts International investors led by Sony Financial Ventures and NKB Group are investing in the company to help fuel expansion.

2019-7-31 21:52