Market surveillance agency Solidus Labs completed a $15 million strategic spherical led by Liberty Metropolis Ventures on Friday. GSR and Exor Seeds additionally participated within the financing. This follows the corporate’s $20 million Sequence A that concluded in Might. Solidus’ traders additionally embody former CFTC Chair Christopher Giancarlo and former SEC commissioner Troy Paredes.
The corporate hired former CFPB Director Kathy Kraninger because it’s VP of Regulatory affairs in July. Solidus CEO Asaf Meir stated:
“This strategic spherical will enable us to serve extra shoppers sooner and handle many new use-cases within the DeFi and NFT threat frontiers, which require Solidus’ distinctive mixture of crypto know-how and experience in conventional buying and selling dynamics and manipulation typologies.”
In keeping with Liberty Metropolis Ventures Accomplice Emil Woods, “Solidus was prescient in creating the mandatory instruments for market surveillance and threat monitoring that conventional monetary corporations and regulators require as they improve their participation in crypto asset markets.”
Solidus announced its preliminary $3 million increase in 2019. Giancarlo warned in June that he believes the U.S. dangers turning into a backwater nation and not using a central financial institution digital forex.