Category: Investments

Lex Sokolin: Your Crypto Startup Needs a Recession Strategy

Lex Sokolin, a CoinDesk columnist, is Global Fintech co-head at ConsenSys, a Brooklyn, N.Y.-based blockchain software company. The following is adapted from his Future of Finance newsletter. Imagine we are venture capitalists and succeed in raising $30 million. Let’s say in...

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Legacy Trust’s Crypto Spin-Off Receives $3M to Roll Out Asian Settlement Platform

An Asian digital assets custodian, which is building a crypto settlement layer to offer a local alternative to Silvergate Bank, has announced a new lead investor ahead of its coming launch. Hong Kong-based First Digital Trust (FDT) announced Monday...

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Fidelity International Invests $14M in Hong Kong Crypto Exchange Operator

Fidelity International, a spin-off from the U.S. financial services giant Fidelity Investments, has invested $14 million in the Hong Kong-based operator of crypto exchange OSL. According to public disclosures on Friday, Fidelity International bought 17 million shares of OSL...

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Crypto Finance Startup Amber Raises $28M in Series A Led by Pantera, Paradigm

Amber Group, a Hong Kong-based startup offering a range of cryptocurrency finance services, has raised $28 million in a Series A funding round. Leading the investment are Paradigm and Pantera Capital, with Polychain Capital, Blockchain.com, Coinbase Ventures and Fenbushi...

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Wells Fargo Invests $5M in Startup Connecting Crypto Exchanges and Banks

Banking giant Wells Fargo is backing blockchain forensics firm Elliptic. Announced Thursday, the fresh $5 million from Wells Fargo Strategic Capital (WFSC) brings Elliptic’s Series B up to a total of $28 million. The investment is partly geared toward...

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