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’ buyers 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 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.”
Based on Liberty Metropolis Ventures Associate Emil Woods, “Solidus was prescient in creating the required instruments for market surveillance and threat monitoring that conventional monetary corporations and regulators require as they improve 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 out a central financial institution digital forex.