Blofin, a Cayman Island-based crypto financial services company, raised US$12m in Series A2 financing.
The round was led by KuCoin Eco Fund, followed by Matrix Partners, Lingfeng Capital and Fenbushi Capital. In March of this year, Blofin finished a US$10m A+ round of financing led by SIG and Matrix Partners.
The company intends to use the funds to onboard talent to develop new products and apply for more licenses globally.
At present, Blofin’s current global assets under management (AUM) has reached US$150 million. As a Cayman Island registered crypto finance service agency, its proprietary quantitative database covers over 50+ exchanges worldwide through real-time data and is connected with over 200 global quantitative trading teams.
The company also provides crypto asset management services by focusing on small and medium sized Quantitative Hedge Funds to provide capital investments, lower trading fees, and other financial services.
Blofin obtained the US federal MSB license (the last four digits are 0143) signed by FinCEN two weeks ago. It is close to securing additional digital asset management licenses for Hong Kong, Singapore and other global financial centers around the world.
FinSMEs
27/09/2021