Beijing, China – (Newsfile Corp. – March 1, 2022) – Crypto financial services company, Blofin, has raised US$50 million in its Series B funding round, led by KuCoin and followed by SIG and Matrix Partners.
With the new round of funding, Blofin will recruit additional talent in the areas of commerce, technology, product, operations, marketing and compliance. The company will focus on improving the trading infrastructure, create new financing products and services, develop and launch its mobile app, expand into multiple countries, and acquire more licenses globally.
Blofin is a data-driven financial asset management institution that aims to provide its clients with safe, convenient and professional crypto-fiat financial services including asset management, trade execution, etc. The Blofin team is made up of talented members from the world’s top universities and Wall Street institutions. Blofin is dedicated to compliance, having already obtained its US federal MSB license through FINCEN, a CIMA-compliant fund license, and is also working to obtain additional asset management licenses in Hong Kong, Singapore, Canada, Switzerland, Australia and others.
Since 2018, Blofin has been recognized by leading global investment institutions, including SIG, Matrix Partners, KuCoin, Fenbushi Capital and Draper Dragon, with multiple successful secured funding rounds.
Blofin chooses to work with industry leading service providers such as Fireblocks for secure custody services, Signature Bank for banking services, Loeb Smith (Cayman) as legal counsel, NAV as fund administrator and MHA Cayman for regulatory audits.
At present, Blofin’s current global assets under management (AUM) have reached US$300 million. In 2021, Blofin’s trading volume reached over US$100 billion. Blofin maintains one of the world’s leading quantitative trading databases with over 150 crypto quantitative trading teams on board and 2 years of comprehensive trading data.
Although crypto markets are currently suffering from liquidity issues, the industry is expected to experience significant growth in 2022. According to a “Crypto Market Sizing” report published by crypto.com on January 20, 2022, the global crypto population grew by 178% in 2021, with crypto users totaling nearly 300 million. The number of crypto users is expected to exceed one billion by the end of 2022. Blofin will continue to provide safe and professional crypto-fiat financial services to its global customer base.
Company name: Blofin
Contact Person: Jason Ma
E-mail: [email protected]
Telephone: +86 18518556344
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115239