Unchained Capital, which provides Bitcoin (BTC) services to institutional and retail customers, has announced a $60 million Series B funding round.
In a press release from Unchained Capital, Valor Equity Partners managed by Series B of $60 million announced its funding round.
According to data obtained by Block, someone close to the company said it was at the first close of the funding round on April 11. 30 million dollars stated that the investment was worth it. In addition, for the second closing of the company already It is stated that another $20 million has been committed.
Leading actors of the sector among other investors participating in the financing round NYDIG, Trammel Venture partners, Ecliptic capital And highland capital partners took place.
Once the Series B round is completed, Unchained’s total funding to date 115 million dollars aimed to reach. The company also completed last fall. Ten31 led by A Series in the overtime 15 million dollars he had collected.
Unchained is currently over thousands of cold wallets Over $2 billion Bitcoin it stores and manages for its clients. Unchained also offers Bitcoin secured loans and has been providing customers since 2017. over 500 million dollars provided credit.
A source close to the company and expected to join the board of directors Vivek Pattipati In his statement on the developments, he made the following statements:
Amid the market chaos, Unchained has emerged as a highly reliable provider of bitcoin custody and financial services through cutting-edge technology, risk management, regulatory compliance and customer service. Especially in the lending space, the company has differentiated itself by minimizing risk for both lender and borrower, resulting in flexibility and an outstanding opportunity to capture market share.