AlphaPoint, a New York-based global financial technology company that allows institutions to launch trading platforms and tokenize assets with blockchain technology, raised $15m in Series A funding.
The capital came from Galaxy Digital Ventures LLC, a venture investment firm founded by Michael Novogratz. In conjunction with the funding, Galaxy Digital Ventures Managing Director, Greg Wasserman, will join AlphaPoint’s Board of Directors.
The company intends to use the funds to further accelerate growth.
Founded five years ago in 2013 and led by Salil Donde, Chief Executive Officer, AlphaPoint provides secure and scalable blockchain infrastructure for asset digitization and trading for institutions around the world.
The company’s white label technology platform is already used by major institutions such as CME Group, The Royal Mint, London Block Exchange (LBX), Bitt, and Muirfield Investment Partners to launch trading platforms and digitize assets. AlphaPoint covers markets ranging from commodities, private company shares, and fiat currencies, to real estate, diamonds, cryptocurrencies, ICOs, and securitized token offerings.