Harbor Raises $10M in Series A Funding

Harbor, a San Francisco, CA-based blockchain technology company, raised $10m in Series A financing.

The round was led by Vy Capital, Fifth Wall Ventures and Valor Equity Partners.

The company, which was previously incubated by Craft Ventures, aims to build a decentralized compliance protocol for standardizing crypto-securities issuance and trading, following that the U.S. Securities Exchange Commission has warned that many ICOs may ultimately be classified as securities and has already taken action against several firms for violations.
Harbor helps protect issuers and investors by making it easier to abide by securities, tax and other regulatory requirements when issuing and trading crypto-securities.
The Regulated Token™ (R-Token™) standard, one of Harbor’s first initiatives, is an open source compliance framework for embedding regulatory compliance at the token level, only permitting transactions to occur if they meet applicable rules. Issuers, broker dealers, underwriters, and/or regulatory bodies can implement the R-Token standard to meet jurisdictional securities regulations, know your customer (KYC) policies, anti-money laundering (AML) requirements, tax considerations, and more. The R-Token standard is a system of ERC-20 smart contracts built on the Ethereum blockchain and compatible with the ERC-20 ecosystem.

Harbor is led by Bob Remeika and Arisa Amano.



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