As per the latest reports, Solidus Labs has made an announcement that is yet another promising news for the cryptocurrency community. Solidus Labs has recently announced that it has successfully carried out a strategic round.
Solidus Labs is a major market surveillance firm and has been around in the cryptocurrency industry for a while. The surveillance firm has announced that it has successfully carried out a strategic funding round. The firm has announced that it has successfully generated $15 million through the strategic round.
The funding round was reportedly led by Liberty City Ventures. The announcement in regards to the successful funding round was made by Solidus Labs on Friday, November 5, 2021. In the announcement, the firm has also revealed that other major participants in the strategic funding round were Exor Seeds and GSR.
This is not the first time Solidus Labs has carried out a funding round. Prior to this, Solidus Labs had carried out a Series A round that was held by the firm back in May of 2021. From the particular funding round, Solidus Labs had successfully generated funds worth $20 million.
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Solidus Labs also had several unusual and high-profile personalities participate in the funding round. The two most unusual personalities who participated in the funding round included Troy Paredes and Christopher Giancarlo.
Troy Paredes is the former commissioner at the US Securities and Exchange Commission. Then there is Christopher Giancarlo who is the former CFTC Chair. Just recently, the executives had Solidus had made an announcement in regards to bringing onboard a very prominent personality from the CFPB.
It was Asaf Meir, the CEO at Solidus who made the announcement of bringing Kathy Kraninger onboard, a former CFPB Director.
Asaf Meir also shared his thoughts about the expansion and development of their project, following the successful strategic funding round. Meir stated that with the help of the funds raised through the round, they will be able to reach out to more clients.
They will be able to introduce more advancements and developments in their project. They will also be able to address all major issues and use-cases where their existing clients need a lot of help and transparency.
Their main goal is to provide full support to their existing and upcoming clients in the NFT and DeFi risk frontiers. He revealed that over the course of time, their project is going to expand tremendously and the risks will also come along the way.
They already have the cryptocurrency and blockchain side covered with a strong and experienced team in this particular space. Now, they have a strong team of experts backing them up from the regulatory point of view.