Blade (a crypto derivatives platform) has unveiled that it has raised $4.3 million in a seed funding round which was participated by Coinbase, SV Angel, A.Capital, Slow Ventures, Justin Kan and Adam D’Angelo. The exchange will be launched in three weeks & which will offer perpetual crypto swap contracts which are similar to traditional futures contracts and grant investors the ability to profit off of selling digital assets either short or long, similar to futures contracts.
BlockFi (a crypto lending service provider) has managed to raise as much as $18.3 million in its Series A funding with Valar Ventures at the lead. Other contributors to the lending products provider include Galaxy Digital, Akuna Capital, Winklevoss Capital, ConsenSys Ventures, Avon Ventures, Morgan Creek etc. Peter Thiel, head of Valar Ventures, a well known fintech investor believe that New York-based BlockFi should be his next major investment.
Germany-based Bitcoin (BTC) bank Bitwala announced that it received around $14.5 million in funding which was led by Sony Financial Ventures followed by NKB Group & Global Brain. Co-founder of Bitwala Jan Goslicki commented, “We started Bitwala to do something that nobody thought was possible: to connect Bitcoin and the conventional financial system while fulfilling the requirements of the strict German banking regulation.”
A blockchain start-up headquartered in Malaysia, Belfrics Group has shared its vision to raise $30 million through the first-round funding. The CEO of Belfrics Group, Praveenkumar explained, “Blockchain was and is still a nascent concept in the market. Everyone’s talking about Blockchain but only a handful understand the true potential of the technology. We combined the money markets and the DLT technology space to develop meaningful products that can affect socioeconomic empowerment to the region where we operate.”
A funding round which was led by Multicoin Capital, and also saw the participation of Distributed Global, Blocktower Capital, Foundation Capital and Blockchange VC have helped blockchain Solana’s POS development team to raise $18 Million, making it valuation to reach $20 million. Co-founder of Multicoin Capital Kyle Samani said, “While many developers have proposed sharding solutions for scaling existing layer 1 solutions…”
Cryptocurrency data and financial technology startup Digital Asset Data announced that it received $3.2 million in funding. Glenn Hutchins, its board of director commented, “Digital Assets Data has built a full stack, institutional-quality data platform that is capable of serving all types of market participants – from data scientists, to quant funds, hedge funds, banks, venture capital funds, and more.”
The Robinhood (a crypto trading platform) has unveiled that it has raised $323 million in its recent Series E financing round, which saw contribution from Ribbit Capital, NEA, Sequoia, and Thrive Capital. The 6 year old firm offers trading options for cryptocurrencies, stocks, options and exchange-traded funds with its its user base growing from around 4 million to 6 million from summer 2018 to last year’s end.
A blockchain firm headquartered in China, Cailu has successfully raised $10 million USD in a series A round funding which was led by GCBI Ventures. The Co-founder of Orka Capital, Zheng Jian Wei commented, “With the increasing proliferation and interest from both major institutions and the public in Blockchain technology, Cailu would be a great avenue to create awareness and dialogue between the two.”
A Houston-based blockchain company has successfully raised $4.5 million to bring blockchain technology into the world of private securities. The CEO of iownit.us, Rashad Kurbanov commented, “We’re doing everything we can to get this correct from the very start… we ask permission first because we don’t want to ever be in a position where we’re asking for forgiveness.”