Securrency, Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Securrency, Inc. - overview
Established
2015
Location
Annapolis, MD, US
Primary Industry
Software
About
Based in Columbia, the US and founded in 2015 by Dan Doney and John Hensel, Securrency Inc (Secuurency), is a provider of an interoperating system that is built on an open, decentralized core that interconnects blockchains and other systems to provide universal institutional-grade transaction rails with a common compliance framework. In 2020, Securrency, Inc. raised USD 17. 65 million in series A funding led by new investor WisdomTree Investments, with participation from other new investors.
In 2021, Securrency, Inc. raised USD 30 million in series B funding from new investors Abu Dhabi Catalyst Partners and State Street Bank among other returning investors. As of 2021, the company employs over 50 employees. The company has built a Securrency Interoperating System, a financial services infrastructure platform that provides network interoperability, multi-jurisdictional automated compliance, and configurable decentralized financial services.
The company’s interoperating system allows issuers, servicers, and traders of digital assets to create and issue digital assets, automate transaction compliance, manage digital assets and portfolios, establish control locations, configure institutional-grade workflows, and connect marketplaces. Securrency’s products feature open decentralized core, finance ontology and inginXchange™ which provides a hot-swap mechanism to link blockchain networks, legacy banking services, user interfaces consumed by API, and an API library to access digital identity services and financial services. The company plans to utilize the Series B funding to produce blockchain-based infrastructure for investors like State Street and U. S.
Bank, and roll out a mobile wallet and fund management platform. The company also plans to expand in the UAE and has applied for licenses to establish the business in the Abu Dhabi Global Market (ADGM). Securrency expects to earn USD 2 million in revenue in 2021 and a significant increase in 2022 after new products are rolled out. Securrency also plans to hire more staff, including 30 to 50 engineers based in the UAE and the US.
Current Investors
RRE Ventures, Panthera Capital Investments, Monex Group, Inc.
Primary Industry
Software
Sub Industries
e-Financial, IT Security/Cybersecurity, Analytics & Performance Software
Website
www.securrency.com
Verticals
Blockchain, Cloud Computing, FinTech, RegTech
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Securrency, Inc. - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.