Blockchain, business development, Capital market, Compliance, digital bank, Digital transformation, Emerging Technology, finance

US blockchain firm Securrency secures $17m funding

Fintech and regtech infrastructure firm Securrency has picked up Series A funding of $17.65 million for its blockchain-fuelled ambitions.

WisdomTree Investments led the round. Other participants include the Abu Dhabi Investment Office through its Ventures Fund, Japanese financial services company, Monex Group, and venture capital firms RRE Ventures, Strawberry Creek Ventures, and Panthera Capital Investments, a venture arm of Fujairah Holding.

US-headquartered Securrency plans to use the funding for software and platform development, and build out its operational structure.

“Securrency recognised early on that global liquidity for digital securities will result from validated identity and multi-jurisdictional compliance, and that a convenient framework for universal interoperability would unlock the power of blockchain technology in the financial markets,” says Dan Doney, CEO of Securrency.

With a sense of general appeal in mind, the firm explains that it offers a proprietary, patent-pending Compliance Aware Token technology. It is “blockchain-agnostic” and its compliance and policy-enforcement tools support ledger-to-ledger transactions across various blockchains. It also provides Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) delivery models.

While the US is home, Securrency adds that it has been growing its operations in the Abu Dhabi Global Market (ADGM) in the United Arab Emirates. The investment made by the Abu Dhabi Investment Office – through its Ventures Fund – will probably be helpful in pushing Securrency’s plans along in that region

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