Montreal-based digital asset custodian Knøx has secured $8.25 million in a seed round to support its crypto custody service for institutional customers and fiduciaries.
The funding round was led by San Francisco-based venture capital firm Initialized Capital, with the participation of financial services giant Fidelity and venture firm iNovia, Canadian technology-focused news outlet BetaKit reported on Sept. 24. Knøx intends to allocate the raised money to further develop its offerings.