In accordance with a submitting with the Securities and Change Fee, state-chartered digital asset financial institution Custodia has raised $7 million.
Caitlin Lengthy, a Wall Road veteran launched the corporate in 2020. Custodia, previously referred to as Avanti, acquired a $37 million Sequence A financing in March of final yr. Binance.US, Coinbase Ventures, and Lemniscap are amongst its supporters.
In accordance with the filing, the preliminary sale for this fairness spherical occurred in early October, and the enterprise has a complete of 36 buyers. The startup’s complete funding has now reached $51 million.
Custodia’s Sequence A spherical of funding was leveraged to supply the capital required by regulators to open the financial institution.
In accordance with a February statement, the financial institution deliberate to open within the second quarter of this yr and supply US-dollar deposit accounts to company clients. Nevertheless, the financial institution is just not but open for enterprise.
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