Fortress Blockchain Technologies, a Las Vegas, Nevada-based fintech blockchain infrastructure startup, raised $22.5M in seed funding.
The round was led by Ayon Capital, with participation from Soaring Investment Management, Fortress’ founder Scott Purcell, and a few select super-angel investors.
The funding will enable the company to continue to write software, begin to extend its regulatory services globally, and build the sales and operational teams to support a wide variety of B2B customers across numerous industries.
Led by Scott Purcell, founder and CEO, Fortress Blockchain Technologies is purpose-built to deliver financial, regulatory and technology infrastructure to the Web3 space. The firm offers financial services including compliance, payments, custody, trustee-of-assets, escrow, crypto liquidity and other services, as well as a minting engine for fungible and non-fungible tokens along with an NFT and crypto wallet that is secure, user-friendly and can be embedded into third-party mobile and web applications.
With a team of 84 full-time product managers and software engineers, a key focus of this B2B FinTech/BlockTech infrastructure firm is the ongoing development of the Fortress technology initiatives for API-embeddable, user-friendly NFT and crypto wallets, API-driven and white-label minting engines for fungible and non-fungible tokens, and its proprietary core-system for financial and trust services.
In addition to engineering, the firm has invested in its regulatory initiatives. This has included hiring Albert Forkner, formerly the Banking Commissioner (WY) and Chairman of the Conference of State Bank Supervisors as the CEO of the wholly-owned subsidiary, Fortress Trust. Ryan Miller, previously head of sales at the multi-billion-dollar FinTech MX Technologies, has joined Fortress as its Chief Revenue Officer and is now building a team of enterprise sales veterans across a variety of industry verticals.
FinSMEs
12/08/2022