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Solidus Labs Secures $15 Million in New Funding, Strengthening Its Crypto Surveillance Strategies

Solidus Labs Secures New Financing

Market surveillance firm Solidus Labs has successfully completed a strategic funding round, raising $15 million led by Liberty City Ventures. Joining the party were GSR and Exor Seeds, solidifying Solidus’ reputation as a rising star in the crypto policing sector. This latest funding follows a robust $20 million Series A round completed just a few months prior, in May.

Strong Investor Backing

The firm’s roster of investors includes notable figures like former CFTC Chair Christopher Giancarlo and former SEC Commissioner Troy Paredes. Their involvement goes beyond mere financial support; it signifies a vote of confidence in Solidus Labs’ mission to bring traditional regulatory scrutiny into the innovative world of crypto.

Adding to the Leadership Team

Catching the attention of the industry, Solidus brought on board former CFPB Director Kathy Kraninger as its new VP of Regulatory Affairs in July. Her experience is expected to further strengthen the company’s regulatory framework and guidance as it navigates the choppy waters of DeFi and NFT regulations.

Expert Insights on Market Needs

CEO Asaf Meir emphasized the importance of this funding, stating,

“This strategic round will allow us to serve more clients sooner and address many new use-cases in the DeFi and NFT risk frontiers, which require Solidus’ unique combination of crypto know-how and expertise in traditional trading dynamics and manipulation typologies.”

With these resources, the firm aims to expand its client base and adapt to the increasingly complex cryptocurrency landscape.

The Future of Crypto Regulation

Liberty City Ventures Partner Emil Woods remarked on the company’s foresight:

“Solidus was prescient in developing the necessary tools for market surveillance and risk monitoring that traditional financial firms and regulators require as they increase their participation in crypto asset markets.”

This perspective highlights the growing urgency for regulatory compliance as the crypto industry continues to mature.

A Historical Perspective

Since announcing its initial $3 million raise back in 2019, Solidus has positioned itself as a critical player in preventing market manipulation and ensuring transparency in crypto trading. Giancarlo himself expressed concerns earlier this year about the US potentially becoming a backwater in the global financial landscape without the adoption of a central bank digital currency.

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