new york – (Business wire)-Cryptocurrency native market integrity and risk monitoring leader Solidus Labs today announced that it has secured a $ 45 million Series B funding round led by Liberty City Ventures. Additional funds participating in the round are venture capital funds affiliated with FMRLLC, the parent company of Evolution Equity Partners, Declaration Partners, Hanaco Ventures and Fidelity Investments, which led Solidus A-series financing in May 2021. Includes Avon Ventures.
The round announced today includes angel investor Brian Brooks, former Deputy Office of the Comptroller of the United States, and members including former CFTC Chair Christopher Giancarlo and former CFTC Chief Innovation Officer Daniel Gofine. It also includes the venture community, Purral Ventures. Matthew Homer, former Deputy Director of the New York State Department of Financial Services, Solidus’ Round.
The announcement was made in the context of the adoption of record-breaking cryptocurrencies and DeFi, and it is estimated that DeFi’s total lock (TVL) will exceed $ 200 billion in early 2022, a record-breaking scam. There is also manipulation and market abuse. Nominated by Citigroup as the category definer for crypto market monitoring, Solidus Labs was the first company to focus on tackling crypto market integrity from the early days of the industry. Solidus reports a huge demand for solutions in light of growing regulations and public pressure to protect users and investors and improve market integrity standards and investor protection in the digital asset market. We have more than quadrupled our team since the beginning of 2021.
In March 2022, the company addressed the new challenges presented by crypto and DeFi and built it from scratch to enable institutional and mainstream adoption, an all-in-one crypto-native risk monitoring suite (titled HALO). ) Was announced. HALO currently serves dozens of major crypto and DeFi platforms, financial institutions and regulators, monitors over 1 trillion trading events per day in over 150 markets, and over 25 million crypto markets. We protect participants and investors. The platform deploys over 50 unique market abuse typologies, protects investors and protects the crypto business from new threats inherent in crypto and decentralized financial spaces.
Setting future standards for financial markets, in February 2022 Solidus launched the Crypto Market Integrity Coalition (CMIC), a group of 30 leading companies including Coinbase, Robinhood, Gemini, GSR, Circle and BitStamp. have started. Prevent market manipulation and advance the secure crypto market. In December 2021, Solidus Labs announced crypto risk and crypto risk for a fireside chat on crypto regulation with SEC Chair Gary Gensler and former Chair Jay Clayton as part of the company’s Digital Asset Compliance and Market Integrity (DACOM) Summit series. Hosted a compliance leader.
As a leader in industry-regulatory dialogue, in July 2021, the company hired former CFPB Director Kathy Kraningel as Vice President of Regulatory. Solidus investors and advisors include former CFTC Chair Christopher Giancarlo, former SEC Commissioner Troy Paredes, Star Compliance founder Marc Epstein, International Securities Exchange founder David Krell, and AngelList founder Naval Ravikant. Includes major entrepreneurs.
“For Web3 and the DeFi economy to truly realize its tremendous potential, new risks need to be mitigated, both in terms of liquidity realization and consumer and investor protection. Here Solidus cryptography Asaf Meir, Founder and Chief Executive Officer of Solidus, is seeing a 560% year-over-year increase in revenue, thanks to the success of native solutions. You can support the growing cohort of your financial institutions, accelerate the deployment of threat intelligence capabilities, expand your research and development, and solve a fast-growing set of DeFi-specific use cases. “Needs.”
“How fast cryptocurrencies and DeFi can grow depends on how effective the key guardrails and checks and balances are. Solidus always offers innovative cryptocurrency native market integrity solutions. We are a market leader, “added Liberty City partner Emil Woods. Ventures investing in major companies building infrastructure for the crypto market, such as Paxos, Lukka, Figment, Fireblocks and Consensys. “With Solidus’ traditional financial experience, years of crypto risk monitoring, formidable regulatory relationships, and a deep understanding of today’s digital asset and DeFi situation, companies realize their potential while addressing evolving risks. I’m in the best position to do it. ”
About Solidus Labs
Solidus Labs is the category definer for cryptocurrency native triple T (T3) market integrity solutions (transaction monitoring, transaction monitoring, threat intelligence).
Our mission is to enable more secure crypto trading through our investment journey across all centralized and DeFi markets. As the founder of industry-leading initiatives such as the Cryptomarket Integrity Alliance and the DACOM Summit, and in everything we do, Solidus is committed to leading the financial markets of tomorrow.
Crypto and DeFi platforms, financial institutions and regulatory agencies rely on Solidus HALO around the world. It’s a real-time, comprehensive, testable, future-proof platform. Protect your business from known forms of market abuse and numerous new crypto-specific risks, enabling clients to grow faster and more securely.
About Liberty City The Ventures
Liberty City Ventures is a New York City-based venture capital firm founded in 2012 with a focus on investing in companies building blockchain technology solutions and implementing blockchain technology.
