- Solidus Labs raised $20 million in a Series A funding round.
- The Series A fund gained support from VCs and former US regulators.
- Also, Solidus aims to help get SEC approval for the first US crypto ETF.
Solidus Labs just closed a successful $20 million Series A funding round. The funding round drew participation from venture capitalists (VCs) and several former US regulators.
Notably, Evolution Equity Partners led the funding round. However, several top VCs like Hanaco Ventures, FTX, Avon Ventures, and 645 Venture also joined in. Of note, Hanaco led Solidus’ 2019 $3.75 million seed round.
Interestingly, the funding round also won interest from a handful of former US regulators. For instance, former CFTC Chair Christopher Giancarlo, former SEC Commissioner Troy Paredes, former CFTC Chief Innovation Officer Daniel Gorfine, among other angel investors.
In fact, Solidus aims to enable safe crypto markets by transforming financial risk monitoring, starting with crypto. Also, the startup believes that appropriate compliance and risk prevention tools will help d...
This article was first published on coinquora.com
