Iconiq Lab Holding GmbH, a Frankfurt, Germany-based global crypto asset management company, closed a seven-figure financing round.
Backers included High-Tech Gründerfonds III GmbH & Co.KG and FinLab AG (ISIN: DE0001218063; Ticker: A7A.GR).
The company will use the funds to further develop and launch the recently announced Asset-Manager-as-a-Service (“AMaaS”) platform as well as scale its existing business units, the decentralized venture capital group and accelerator program, Iconiq Lab, and crypto asset index fund issuer, Iconiq Funds.
Led by CEO and Managing Partner Patrick Lowry, Iconiq Lab provides AMaaS, a service platform for crypto asset managers to optimize the execution of their own crypto investment strategies. The AMaaS ecosystem comprises a portal through which managers may digitally launch regulated financial vehicles, execute transactions through an aggregated orderbook from global crypto exchanges, engage licensed crypto custodians as well as world-class auditors, banks, fund accountants and other vital fund service providers. The AMaaS platform is secured by the ICON Vault, a secure digital wallet solution utilizing cold and hot storage solutions. AMaaS is the infrastructure supporting the Iconiq Funds’ crypto asset index funds and is now available to any external crypto asset manager.
Iconiq Holding launched Iconiq Lab, a decentralized venture capital group and token sale accelerator program, in early 2017, and is issuing a series of crypto asset index funds under the Iconiq Funds brand.
The company also has offices in London and New York.