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 Collection A that concluded in Could. 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 mentioned:
“This strategic spherical will permit us to serve extra purchasers sooner and handle many new use-cases within the DeFi and NFT danger 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 Companion Emil Woods, “Solidus was prescient in growing the mandatory instruments for market surveillance and danger monitoring that conventional monetary companies and regulators require as they enhance their participation in crypto asset markets.”
Solidus announced its preliminary $3 million elevate in 2019. Giancarlo warned in June that he believes the U.S. dangers changing into a backwater nation and not using a central financial institution digital forex.