1Konto Closes $3.85M in Seed Funding


1Konto, a Philadelphia, PA-based digital asset and FX focused broker providing Broker Dealers, OTC Desks and Hedge Funds with access to multiple exchanges through one account, closed an angel funding and seed funding, totaling more than $3.8m.

The angel round involved a number of individual investors associated with a private equity firm from California, and the seed round capital came from Terra Crypto Capital.

The company intends to use the funds to develop and launch its upcoming agency execution service, planned for release in the second quarter of this year. 

Led by Cofounder and CEO Edwin Handschuh, 1Konto has created a single onboard access point to more than 2,500 high-quality markets and a proprietary routing engine that analyzes millions of routes, instantly uncovering pricing dislocations and price improvements that are passed on to their counterparties. In addition, the company streams prices in 20 digital assets and 7 fiats for 351 unique pairs and provides single-account access to the markets, making programmatic or on-demand settlement simple.