Securrency, Inc., a leading developer of institutional-grade blockchain-based financial and regulatory technology with a patent-pending distributed identity and compliance framework and a state-of-the-art infrastructure designed to bridge legacy financial platforms to blockchain networks has picked up $17.65m in a Round A series of investment led by Wisdom Tree in addition to the Abu Dhabi Investment Office (ADIO), Japanese financial services giant, Monex Group, Inc., and venture capital firms RRE Ventures, Strawberry Creek Ventures, and Panthera Capital Investments.
Dan Doney, CEO of Securrency, said:
“WisdomTree has a well-deserved reputation as an innovator within financial services, and we are thrilled to have them as our lead investor. WisdomTree has truly exciting applications for our technology. Our partnership with WisdomTree will allow us to demonstrate unique features of our technology, specifically our Compliance Aware Token framework and multi-ledger capabilities.”
WisdomTree Investments, an exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager, via Securrency, plans to pursue the integration of blockchain technology into the ETF ecosystem to bring the benefits of ETFs to a broader range of investors and improve the investor experience.
Jonathan Steinberg, WisdomTree Founder and CEO, said:
“Our investment in Securrency is the result of a multi-year review of blockchain technology and the associated landscape. In our review, we found instances of unnecessary applications of the technology and poor compliance with existing regulations; however, there are numerous elements of blockchain technology that, when correctly applied, will bring benefits to investors. Using the technology, we believe we have identified areas for exciting innovation within the ETF ecosystem and in financial services more broadly, all with a focus on meeting the highest standards of regulation.”
“Securrency’s leadership team has a unique combination of U.S. national security experience, technical expertise and financial services knowledge. We are confident that these attributes, together with its focus on compliance, will empower Securrency to be the leading technology firm in the disruption of financial services infrastructure through the industry’s adoption of blockchain technology. Identity, security and compliance will be critical features in the evolution of financial services. Our collaboration will demonstrate these features, and we are excited to pursue this endeavor with Securrency.”
Securrency’s cutting-edge blockchain-based market infrastructure technology provides a universal identity and compliance framework and unique interoperability to facilitate global liquidity. The company is a pioneer of blockchain-based financial markets infrastructure technology centred on its unique identity and compliance framework to support global digital securities transactions.
Securrency’s proprietary, patent-pending Compliance Aware Token™ technology provides multi-jurisdictional compliance and unprecedented convenience to financial services providers and market participants to facilitate the issuance, trading, and servicing of digital securities and other digital assets. Securrency’s technology is blockchain-agnostic and its compliance and policy-enforcement tools support ledger-to-ledger transactions across multiple blockchains.
WisdomTree’s investment in Securrency is separate from WisdomTree’s listing of a physically-backed Bitcoin ETP in Switzerland.