4 years ago
Qredo Secures $80 Million Series A Funding Led by 10T Holdings
Qredo, a London, UK-based developer of a decentralized Layer 2 infrastructure for the custody and settlement of digital assets, raised $80 million in Series A funding led by 10T Holdings
The round included participation from Coinbase Ventures, Avalanche, Terra, Kingsway Capital, HOF Capital, Raptor Group, and GoldenTree Asset Management
Qredo plans to use the funds for future acquisitions, further development of functionality for retail users, and geographic expansion
The company’s digital asset management infrastructure and product suite enables institutional investors to secure, settle, and access digital liquidity pools and participate in new innovations across DeFi.
ProblemTechnology Infrastructure
"Institutional investors are unable to easily and securely access digital assets, making it difficult to participate in DeFi innovations."
Solution
"Qredo offers a decentralized Layer 2 infrastructure that allows for secure custody and settlement of digital assets, providing institutional investors with access to digital liquidity pools and DeFi applications."