Bitcoin Financial Services Company Unchained Capital Closes $25 Million Funding Round

Unchained Capital, a bitcoin-focused financial services firm, has raised $25 million in a funding round led by NYDIG and its parent company Stone Ridge.

Bitcoin Financial Services Company Unchained Capital Closes  Million Funding Round

Unchained Capital, a bitcoin-focused financial services firm, has raised $25 million in a funding round led by NYDIG and its parent company Stone Ridge, The Block reported on June 5.

The round was announced on Friday and included participation from Ecliptic Capital, Starting Line, Stronghold Resource Partners, TVP Bitcoin Venture Fund, Ten31 and Platform Ventures.

According to a press statement, NYDIG, an existing investor in Unchained Capital, “has made an incremental $100 million loan commitment as part of the transaction and will continue to be Unchained’s primary financing partner to support its leading bitcoin-backed multi-signature lending platform. “

Robert Gutmann, co-founder and CEO of NYDIG, stated.

We are excited to deepen and expand our relationship with the Unchained Capital team and continue our joint journey to build the future of bitcoin infrastructure.
NYDIG has raised hundreds of millions of dollars since the beginning of 2021, and in May reached an agreement with FIS to enable the bank to offer bitcoin services to its customers. Last month, NYDIG hired a former Bridgewater executive as its chief financial officer.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/bitcoin-financial-services-company-unchained-capital-closes-25-million-funding-round/
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