Subscribe to Our Newsletter
Tuesday August 16, 2022
Bitcoin (BTC) $24,134.47   Ether (ETH) $1,912.16
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Easily Swap USDT (TRC20) & More
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Koinly
CryptoNinjas
Home Capital Raising

Crypto investment platform Unchained Capital closes $5.5M funding round

Published by CryptoNinjas.net
03/02/2021
Crypto investment platform Unchained Capital closes $5.5M funding round

Unchained Capital, a provider of a full-suite platform for individuals and businesses to store long-term wealth in bitcoin with private key ownership, announced today the closing of a $5.5 million equity seed round led by institutional Bitcoin technology and financial services firm NYDIG.

In addition to leading the equity round, NYDIG has made an initial lending commitment of $50 million; and will continue to be the principal funding partner to Unchained in support of its bitcoin-backed multi-signature lending platform.

Also participating in the round are existing investors Ecliptic Capital, Starting Line, Platform Ventures, Stronghold Resource Partners, Trammell Venture Partners’ Bitcoin Venture Fund, and Capital Factory.

“The teams at NYDIG and Unchained Capital share a mission built on the foundation of a bitcoin standard. We believe there are significant opportunities to create synergies across our respective custodial and non-custodial platforms.”
– Joseph Kelly, CEO & Co-Founder of Unchained Capital

The partnership and new funding come on the heels of Unchained reaching over $1 billion of bitcoin secured and over $80 million of loans originated. Proceeds will be used to grow the 25 person team, further the partnership with NYDIG, and expand the company’s lending and trade execution capabilities; in addition to growing its suite of services to include bitcoin lending and bitcoin payments infrastructure.

Private Keys

Unchained differentiates itself by providing a custody solution that allows clients to maintain unilateral control of their bitcoin while integrating financial services that leverage the same collaborative custody architecture to minimize trust and increase security.

“We are thrilled to be working closely with the fantastic team at Unchained and to be helping them further their mission of securing their clients’ futures. NYDIG is committed to investing in providers and technologies dedicated to Bitcoin, and Unchained is a prime example. The NYDIG team and I look forward to working with Unchained to accelerate its growth and expand its ability to deliver premium services, like lending, to bitcoin holders.”
– Robert Gutmann, Co-Founder & CEO of NYDIG

NYDIG and Unchained Capital offer complementary platforms to the large and growing market of long-term bitcoin holders. Both firms are focused on building critical infrastructure for bitcoin and delivering financial services, while offering different custody architectures to different target markets.

FacebookTwitterLinkedinRedditE-MailTelegram
Source: Unchained Capital

Related News

Unchained Capital introduces its multisig custody product for bitcoin

03/11/2019
Unchained Capital introduces its multisig custody product for bitcoin

Unchained Capital, a bitcoin-native services company, announced the release of its new vault product. Unchained vaults use dedicated, on-chain bitcoin multisig addresses; which means users get to control who holds keys to these addresses....

Read more

Unchained Capital closes $2.9 million funding to expand team and crypto-wealth service

06/06/2018
Unchained Capital closes $2.9 million funding to expand team and crypto-wealth service

Unchained Capital, a crypto-finance company that lends cash to long-term crypto-investors, today announced it has closed a $2,995,000 seed round of venture capital. The funding will go toward expanding Unchained Capital’s team and innovating...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
ELLIPAL now supports Zcash (ZEC) for cold storage and trading

ELLIPAL now supports Zcash (ZEC) for cold storage and trading

01/14/2020
Crypto exchange Kraken's second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

Crypto exchange Kraken’s second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

08/12/2022
Brazil payment app PicPay launches new crypto exchange service with Paxos technology

Brazil payment app PicPay launches new crypto exchange service with Paxos technology

08/10/2022
"Move-and-earn" app STEPN to utilize LINE Blockchain for the Japanese market

“Move-and-earn” app STEPN to utilize LINE Blockchain for the Japanese market

08/09/2022
Crypto exchange Kraken's second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

Crypto exchange Kraken’s second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

08/12/2022
Blocknative releases new tool to enable high-speed propagation of ETH transactions

Blocknative releases new tool to enable high-speed propagation of ETH transactions

08/11/2022
SynFutures plans to integrate with Router Protocol to improve multi-chain access

SynFutures plans to integrate with Router Protocol to improve multi-chain access

08/11/2022
New Serum powered DEX for Solana from Vybe Network launches

New Serum powered DEX for Solana from Vybe Network launches

08/10/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version