- Latest financing round led by Acrew Capital and BNY Mellon, with continued investments from Goldman Sachs and Fidelity Investments.
- New funding will bolster the company’s new crypto data intelligence product innovation and propel expansion into international markets.
- Coin Metrics has emerged as the clear market leader in the institutional space because it offers a comprehensive suite of institutional quality crypto intelligence products while maintaining open values.
BOSTON, April 6, 2022 /PRNewswire/ — Coin Metrics, the leading supplier of crypto fiscal news, nowadays announced that it raised $ 35 million in Series C finance, led by Acrew Capital and BNY Mellon. Goldman Sachs, Fidelity Investments, Highland Capital Partners, Avon Ventures and Morningside Technology Ventures are besides continuing their investments in the caller after participating in previous fundraising rounds. They are joined by new investors Cboe Global Markets, JAM FINTOP Blockchain, Mubadala Investment Company and Brevan Howard Digital .
Coin Metrics provides network data, market data, indexes and network risk solutions to the most prestigious institutions touching cryptoassets. This financing will bolster the company ‘s new merchandise initiation and help the company expand into adjacent spaces, elevating their ability to usher the universe ‘s prime minister fiscal institutions into crypto markets .
“ Coin Metrics serves as a critical nexus for institutions in the digital asset space and has the potential to scale a lot further, ” said Tim Rice, co-founder and CEO of Coin Metrics. “ This financing will enable us to accelerate both our business and product roadmap, including through continued investment in new novel gamble, DeFi and other Dapp metrics, and in our first infrastructure. The quality of our crypto data and intelligence has generated fantastic pastime from the growing phone number of premier fiscal institutions engaging in cryptoassets, prompting us to expand our customer success and emergence efforts globally. We have assembled an know team of top crypto, data and fiscal services experts, and I am proud of the industry-leading solve they continue to produce. ”
Following the completion of the company ‘s $ 15 million series B in 2021, Coin Metrics received SOC 2 Type 1 accreditation from Deloitte. Setting itself apart from early crypto data providers, Coin Metrics has emerged as the clear market drawing card in the institutional quad because it offers a comprehensive suite of services – including on-chain data, a universal stop internet explorer, grocery store data and metrics, indexes and network gamble management – while maintaining our core values of candid, pioneering, elucidating and achromatic.
“ Developing a robust risk management framework is critical to our roadmap as we work toward launching digital asset services, ” said Katey Neate, Chief Risk Officer of BNY Mellon Asset Servicing & Digital. “ Our reinforced alliance with Coin Metrics is another exemplar of how we are leveraging leading engineering solutions to develop this critical capability. With Coin Metrics, we have the opportunity to advance the capabilities and conversation, and ultimately raise the bar on risk management for digital assets as an industry. ”
“ Given the complex, fragmented and decentralized nature of the crypto data outer space today, data providers that can organize this data in a diaphanous and accessible way are invaluable, ” said Mark Kraynak, Founding Partner of Acrew Capital. “ Coin Metrics provides critical intelligence and superior crypto data insights to facilitate the path towards mainstream adoption of cryptoassets as more fiscal services firms and traditional investors look to enter this space. We are excited to be leading the company ‘s Series C, which will help them continue to build out their institutional quality infrastructure. ”
extra investors in previous fundraising rounds include Castle Island Ventures, Coinbase, Digital Currency Group, Communitas Capital, Dragonfly Capital, The Raptor Group, BlockFi, Animal Ventures and Collab+Currency .
With increase capital, the party will be able to make continue enhancements to infrastructure and dependability while scaling the business for greater external adoption. Coin Metrics ‘ elite team of cryptonative experts and fiscal diligence veterans will status the party to cement its reputation as the most trust global supplier of throughout crypto intelligence for institutions.
ABOUT COIN METRICS
Coin Metrics is the leading supplier of crypto fiscal intelligence, offering network data, market data, indexes and network gamble solutions to the most esteemed institutions touching cryptoassets. The party was founded in 2017 as an open-source project to determine the economic significance of public blockchains. today, we expand on that original determination to empower people and institutions to make informed crypto fiscal decisions. We aim to usher the world ‘s prime minister fiscal institutions into crypto with the most trust data and insights. For more data, visit www.coinmetrics.io .
Media Contact : Jamie Lovegrove
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( 301 ) 529-5085
SOURCE Coin Metrics
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