Crypto services company AlphaPoint successfully raised $15 million in its first major round of venture capital financing, the company announced Thursday. AlphaPoint raised the funds via Mike Novogratz’s Galaxy Digital, the self described cryptocurrency merchant bank. Chief executive Salil Donde stated Galaxy Digital controlling your stresses director Greg Wasserman can also be linking advisory board of his firm to provide supervision, advice and advice.” . Donde told CoinDesk: Galaxy and AlphaPoint are leaders in the crypto and blockchain area, so there have been, and will continue to be, opportunities where we could collaborate for the advantage of mutual customers.
With regard to future products and technologies, AlphaPoint will continue to integrate the needs of our clients and our prospective clients in conjunction with the changing blockchain landscape around us. The new funds will assist AlphaPoint continues its mission of utilizing blockchain technology for digitizing assets in the traditional and emerging markets,” he said, referencing the Regulated Asset Backed Token his company introduced to give liquidity on the real estate market. In a statement, Wasserman noted that the market opportunity for digitizing illiquid assets is huge. Consumers are demanding increased accessibility, transparency and trust. Enterprises are looking for increased liquidity with Reduced Fraud, Risks and Costs.” .
Galaxy Digital was started earlier this year by the billionaire and former hedge fund manager Michael Novogratz, also allegedly raised a total of $250 million as a cryptocurrency investment venture. We’re in the early phases of a fundamental transformation in financial markets due to the digitization of assets. We are excited to partner with AlphaPoint as we continue to help drive this revolutionary shift in digital markets,” he said in a media release. Handshake picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet which strives for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.