Securrency Inc., a US-based provider of financial and regulatory technology products for the tokenized issuance and trading of securities has raised $30 million in its latest funding round. The funds will be used to roll out the company’s expansion plans. The Series B funding round included existing investor WisdomTree Investment along with Abu Dhabi state fund Mubadala-backed Abu Dhabi Catalyst Partners, State Street and U.S. Bank.
The company said it would use the funds to add new products, hire more staff and expand into new markets. “Securrency’s core platform will be the rails on which all future value can move securely with real-time settlement,” Chief Executive Dan Doney said.
He also said it would serve as a bridge linking traditionally disconnected financial markets and ecosystems to enhance speed and efficiency and to drive down costs.
This is the second investment round where an investment entity in Abu Dhabi has invested in Securrency. In January 2020 Abu Dhabi Investment Office participated in the round of investment that raised 17.7 million USD led by Wisdom Tree Investments.
Prior to this Securrency had expanded into the GCC and MENA region when it announced its intention to secure a license to operate a crypto asset buiness with strategic partners under the new Abu Dhabi Global Market (ADGM) crypto regulatory framework. Securrency will file an application with the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial center in the Emirate of Abu Dhabi in the United Arab Emirates (UAE). It plans to partner with Abu Dhabi Catalyst Partners to provide digital asset services.
In 2020 as well Securrency partnered with KSA based Musharaka for development of securities token platform.