Hidden Road announces $50 million Series A round led by Castle Island Ventures

Hidden Road Partners announced on Thursday that it has closed a $50 million Series A round led by Castle Island Ventures.

Track live crypto price of 10000+ coins!

Citadel Securities, FTX Ventures, Uncorrelated Ventures, Greycroft, XBTO Humla Ventures, Wintermute, SLN Capital, Profluent Trading, Coinbase Ventures among others also joined the round, per the release. 

According to the statement, Hidden Road hopes to solve “many of today’s problems in credit intermediation and prime brokerage caused by legacy technology, archaic workflows and conflicts of interest.” 

The firm’s platform is “quantitatively-driven” and provides real-time risk management and “seamless credit across, products and asset classes.” Hidden Road offers prime brokerage, clearing and financing services for both traditional and digital assets.

Related:  Digital Asset Venture Dragonfly Acquires Crypto Fund MetaStable Capital for Rebranding

Matt Walsh, general partner at Castle Island Ventures told The Block: “Hidden Road is offering a range of products that we see as essential for institutions entering the digital assets market. We are excited to be investing behind this great team.”

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: