Who invested in bond currency?

Bond Currency, a platform providing cryptocurrency-related services for institutional investors, has attracted prominent backers like Coinbase Ventures and Sequoia Capital in its $12.9 million funding journey.

Jan 08, 2025 at 10:26 am

Key Points:

• Early investors in Bond Currency included Coinbase Ventures, Dragonfly Capital, Galaxy Digital, and Sequoia Capital.
• Bond Currency has raised a total of $12.9 million in funding across two funding rounds.
• The platform offers a range of features aimed at institutional investors, including custody, trading, and lending services.
• Bond Currency aims to bridge the gap between traditional and digital finance by providing a platform for institutional investors to access cryptocurrencies.

Early Investors in Bond Currency:

Coinbase Ventures: Coinbase Ventures is the investment arm of Coinbase, one of the largest cryptocurrency exchanges in the world. Coinbase Ventures has a history of investing in early-stage blockchain and cryptocurrency companies.

Dragonfly Capital: Dragonfly Capital is a venture capital firm focused on investing in cryptocurrencies and blockchain startups. The firm was founded by Haseeb Qureshi, a former trader at Goldman Sachs.

Galaxy Digital: Galaxy Digital is a cryptocurrency investment management firm founded by Mike Novogratz, a former hedge fund manager. Galaxy Digital offers a range of investment products and services, including cryptocurrency trading, lending, and asset management.

Sequoia Capital: Sequoia Capital is a venture capital firm that has invested in some of the world's most successful technology companies, including Google, Apple, and PayPal. Sequoia Capital's investment in Bond Currency is a sign of the growing interest in cryptocurrencies and blockchain technology from traditional investors.

Funding Rounds:

Seed Round (2022): Bond Currency raised $9 million in its seed round of funding. The round was led by Coinbase Ventures and Dragonfly Capital.

Series A Round (2023): Bond Currency raised $3.9 million in its Series A round of funding. The round was led by Galaxy Digital and Sequoia Capital.

Features for Institutional Investors:

Custody Services: Bond Currency provides custody services for institutional investors, allowing them to store their cryptocurrencies in a secure and insured environment.

Trading Services: Bond Currency offers trading services for institutional investors, providing them with access to a wide range of cryptocurrencies.

Lending Services: Bond Currency provides lending services for institutional investors, allowing them to borrow cryptocurrencies to use for a variety of purposes.

Bridging Traditional and Digital Finance:

Bond Currency aims to bridge the gap between traditional and digital finance by providing a platform for institutional investors to access cryptocurrencies. The platform's focus on custody, trading, and lending services is designed to meet the needs of institutional investors who are looking for a secure and compliant way to invest in cryptocurrencies.

FAQs:

• What is Bond Currency? Bond Currency is a platform for institutional investors to access cryptocurrencies through custody, trading, and lending services.
• Who are the early investors in Bond Currency? Coinbase Ventures, Dragonfly Capital, Galaxy Digital, and Sequoia Capital are the early investors in Bond Currency.
• How much funding has Bond Currency raised? Bond Currency has raised a total of $12.9 million in funding across two funding rounds.
• What features does Bond Currency offer for institutional investors? Bond Currency offers custody services, trading services, and lending services for institutional investors.
• How does Bond Currency aim to bridge traditional and digital finance? Bond Currency aims to bridge traditional and digital finance by providing a platform for institutional investors to access cryptocurrencies in a secure and compliant way.