State Street, U.S. Bank in on $30M Securrency Raise

Securrency focuses on bringing crypto compliance tools to banks and financial institutions.

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Dan Doney, Securrency co-founder and CEO

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key takeaways

  • Securrency has raised $30 million in a Series B round from State Street, U.S. Bank, WisdomTree Investments, Abu Dhabi Catalyst Partners Limited (ADCP) and others
  • With the Series B, Securrency now has $64.5 million in total funding

Securrency, a blockchain-based financial and regulatory technology firm, has raised $30 million in a Series B round from State Street, U.S. Bank, WisdomTree Investments, Abu Dhabi Catalyst Partners Limited (ADCP) and others. 

Monday’s announcement follows Securrency’s $17.75 million Series A raise in early 2020, which was led by WisdomTree. 

“We believe the Securrency team is uniquely suited to lead in blockchain-based fintech and regtech going forward,” said Jonathan Steinberg, WisdomTree Founder and CEO in a statement. “Our ongoing financial commitment reaffirms the strength of our support.”

Securrency focuses on bringing crypto compliance tools to banks and financial institutions. The Washington, D.C-based firm plans to expand into decentralized finance and other areas with the new capital. 

“Blockchain technology will be a vital part of the interconnected and interoperable future of global finance, but a truly viable system must connect the full panoply of financial services and systems to digital assets infrastructure,” said Dan Doney, Securrency co-founder and CEO in a statement.

The company also applied for licenses to expand offerings to international finance center Abu Dhabi Global Market (ADGM). With the Series B, Securrency now has $64.5 million in total funding, according to data from Crunchbase.

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