Qredo Announces An $80Mm Series A Raise Led By 10T Holdings, With Strategic Investment From Coinbase, Avalanche And Terra

Feb 04, 2022•over 3 years ago

Amount Raised

$80 Million

Round Type

series a

London

Description

Qredo, the decentralized Layer 2 infrastructure for the custody and settlement of digital assets, today announced the close of one of the largest Series A rounds completed to date in crypto and blockchain-related markets.

Company Information

Company

Qredo

Location

London, Ontario, Canada

About

Qredo is a digital asset management infrastructure and product suite designed to unlock new opportunities for institutional investors in cryptocurrencies and decentralized finance. Qredo includes a novel Layer 2 blockchain protocol that enables users to seamlessly transfer and settle Bitcoin, Ethereum and other leading cryptocurrencies. Qredo’s advanced Gen 2.0 Multi-Party Computation (MPC) provides tier-1 bank security and eliminates the anxiety of private key management. Qredo’s network is designed to enable institutional investors to secure, settle, and access digital liquidity pools and participate in new innovations across DeFi. Follow Qredo on LinkedIn and Twitter.

Funding Insights

Based on industry data

Tech investment trends

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