PolySign Raises $53M in Series C Funding
PolySign, a cutting-edge financial technology company headquartered in Oakland, CA, with a strong presence in San Francisco, CA, and New York, NY, has successfully raised an impressive $53 million in Series C funding. This strategic move is set to redefine the landscape of digital asset infrastructure for institutional investors.
Strategic Backing from Industry Leaders
The Series C funding round was spearheaded by prominent players in the financial arena, including Cowen Digital, Brevan Howard, and GSR. These key stakeholders recognize PolySign’s potential to revolutionize the financial sector with its blockchain-enabled digital asset infrastructure.
Empowering Growth with Financial Reinforcement
Beyond the funding triumph, PolySign has secured a substantial $25 million credit facility with Boathouse Capital. This additional financial backing is a testament to the confidence that investors have in PolySign’s vision and capabilities.
PolySign’s Vision: Accelerating Growth and Expanding Horizons
PolySign, under the visionary leadership of CEO Jack McDonald, is dedicated to empowering institutional investors through state-of-the-art blockchain-enabled infrastructure. This support extends across the vast realms of capital markets and payments sectors.
Unveiling the Product Portfolio
PolySign boasts an impressive family of products, with MGStover and Standard Custody and Trust Co. taking center stage. MG Stover, a comprehensive fund administration firm, is meticulously crafted by industry experts, including former auditors and seasoned fund operators. This ensures tailored solutions for the alternative investment industry.
Standard Custody & Trust Co.: Redefining Custodianship
PolySign’s New York-regulated custodian, Standard Custody & Trust Company, stands out as a next-generation Qualified Custodian. Leveraging innovative, patented technology, it excels in securing secret keys, providing a level of security and trust previously unparalleled in the industry.
The Road Ahead: Accelerated Growth and Enhanced Operations
PolySign’s successful Series C funding and credit facility acquisition mark a pivotal moment in its journey. The injected funds are earmarked for accelerating growth initiatives and expanding operational capacities. The company is poised to lead the charge in reshaping the financial landscape for institutional investors.
In conclusion, PolySign’s recent funding achievements and strategic partnerships underscore its commitment to transforming financial infrastructure. With a focus on innovation and a robust product portfolio, PolySign is set to play a defining role in the future of blockchain-enabled digital asset solutions.