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.

origin »

Bitcoin price in Telegram @btc_price_every_hour

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


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


Фото:

Один из первых инвесторов «Яндекса» вложился в индийский необанк

Индийский стартап Open, управляющий одноименным необанком собрал $30 млн в последнем раунде финансирования. Этой новостью поделился в своем Twitter основатель стартапа Аниш Ачутан.   India's @BankWithOpen 'neo-bank' raises Rs 210 Crores from @Tiger_Global.

2019-6-27 13:19


Most Notable Bitcoin and Blockchain Asset Trends in the Cryptosphere for 2019

Crypto Market Has Seen Increased Attention from Institutions The cryptocurrency market is an emerging, nascent market that changes every single day. This growth of the crypto market into mainstream validation, popularity and adoption means that crypto businesses explore more ways to attract both existing and would-be investors, both small scale individual investors and large scale […]

2019-6-9 19:13


Augur (REP) Decentralized Prediction Markets Will Be Extremely Difficult to Stop from Existing

The Managing Director and Founder of Autonomous Partners (ASP) , Arianna Simpson, on Thursday 23rd of May 2019 via Twitter spoke on the prediction market and the cryptosphere. Arianna, one of the pioneering crypto investors, stated that the prediction market “is of the most fascinating yet poorly understood areas” of DeFi (Decentralized Finance). In a […]

2019-5-25 19:48


IdeaFeX ICO

IdeaFeX combines e-commerce-like experience and blockchain solutions for financing and investment. We present an easily-navigable marketplace that supports new classes of real-world assets, notably exotic assets and product futures, much of which have so far been illiquid and/or indivisible.

2019-5-22 12:12


TapJets ICO

TapJets® announced an STO (security tokens offering) of Company’s common stock with dividends. Available for US Accredited Investors and non-US investors worldwide. TapJets® is a platform that instantly connects our clients with a private jet that is ready to fly to your destination.

2019-3-15 18:19


Oddup: The Billion-Dollar Startup That Gamified Its Business For The Blockchain And Launched Alluva

Key Takeaways: Oddup, a global leader in startup investment and insights, introduced a gamified version of its business for crypto investment, built on the blockchain Alluva gives new and existing crypto investors a platform to share their analysis and predictions for free and earn rewards in exchange The DApp is scheduled for release in mid-2019, and will be the first step in an evolving product that will soon be integral to institutional investors Alluva tokens – ALV – will be available on BitMax.

2019-3-14 20:31


BlueOcean ICO

BlueOcean Ventures is a Swiss venture capital firm specialized in investing in ventures from the medical field. For the first time, the BlueOcean STO gives investors the possibility of buying a tradable token (BOV Token) in the highly illiquid asset class of Swiss and European Medtech and life science venture capital investments.

2019-2-17 16:47


NeuralTrade Network ICO

Most people are desperately seeking financial freedom in their life. Sadly financial freedom remains a dream to them or an elusive theory that forever escapes them. The biggest problem around financial freedom is some magic formula or some secret success model that they believe exists, they spend an endless amount of time, effort and even resources in obtaining this magic formula or the secret success model.

2019-2-15 22:51


Newsflash: Amazon Leads Massive $700 Million Funding Round in Tesla Competitor Rivian

Elon Musk and Tesla had better watch out because tech conglomerate Amazon just led a massive $700 million funding round in electric vehicle competitor Rivian. Amazon Leads Major Funding Round in EV Startup Rivian The Michigan-based Rivian has sought to carve out a segment of the burgeoning electric vehicle market by focusing its efforts on building pickup trucks and SUVs.

2019-2-15 17:36


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru