Market surveillance agency Solidus Labs accomplished 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 embrace former CFTC Chair Christopher Giancarlo and former SEC commissioner Troy Paredes.
The corporate employed former CFPB Director Kathy Kraninger because it’s VP of Regulatory affairs in July. Solidus CEO Asaf Meir mentioned:
“This strategic spherical will permit us to serve extra purchasers sooner and tackle 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 accordance with Liberty Metropolis Ventures Companion Emil Woods, “Solidus was prescient in growing the mandatory instruments for market surveillance and threat monitoring that conventional monetary companies and regulators require as they enhance their participation in crypto asset markets.”
Solidus introduced its preliminary $3 million increase in 2019. Giancarlo warned in June that he believes the U.S. dangers changing into a backwater nation with no central financial institution digital forex.