IronChain Capital, a San Francisco, CA-based digital asset investment firm, raised $2.5m in funding.
The round was led by Matrix Partners in partnership with Montage Ventures and Draft Ventures.
The company intends to use the funds to build out its platform and suite of offerings.
Led by Jonathan Benassaya, CEO and Founder, and co-founders Steven Baum (former President/COO of multi-billion dollar hedge funds Ivory Capital and JMB Capital), Michael Yeh (Goldman Sachs, Blackrock/BGI, Charles Schwab) and Dr. Anton Muehlemann (Wikifolio, Blockchain at Berkeley), IronChain Capital is a digital asset investment firm that is focused on providing both retail and institutional investors with access to cryptocurrencies. The firm offers a diverse suite of services, including brokerage accounts, investment products, portfolio management and trading solutions.
In conjunction with the funding, the company has also launched two innovative mutual fund-like cryptocurrency index funds: IronChain MiX10 and IronChain MiX10 Institutional. Both funds will track the MiX10 Index, a market cap weighted index that tracks up to the 10 largest cryptocurrencies.