Bitcoin Financial Service Provider Unchained Raises $60 Million in B-Round Financing

04/18/2023 13:03 • Metaverse Matters • 130 views

According to reports, Bitcoin financial service provider Unchained announced the completion of a $60 million B-round financing, with Valor Equity Partners leading the investment and NYDIG, Trammell Venture Partners, Ecliptic Capital, and Highland Capital Partners participating.

Bitcoin Financial Services Provider Unchained Announces Completion of $60 million Series B Financing

Bitcoin is changing the way we think about money and investments. Since its inception in 2009, it has become synonymous with digital currency and has gained traction among investors, traders, and financial institutions. In recent news, Unchained, a Bitcoin financial service provider, has announced the completion of a $60 million B-round financing, with Valor Equity Partners leading the investment and NYDIG, Trammell Venture Partners, Ecliptic Capital, and Highland Capital Partners participating.

Understanding Unchained

Unchained is a Bitcoin financial service provider that offers institutional investors access to Bitcoin markets, custody, and prime brokerage services. They provide services to clients, including hedge funds, family offices, and asset managers, and provide access to cryptocurrency markets through Coinbase, Bitfinex, and other exchanges. Unchained also assists clients with Bitcoin custody, offering secure storage solutions for their digital assets.

The $60 Million B-Round Financing

Unchained’s $60 million B-round financing is an enormous investment in a Bitcoin financial service provider. The round was led by Valor Equity Partners, which has previously backed SpaceX, Tesla, and other groundbreaking companies. NYDIG, Trammell Venture Partners, Ecliptic Capital, and Highland Capital Partners participated in the investment round as well. The capital raised will be used to expand Unchained’s operations and offerings, including Bitcoin-based lending and financing services.

The Future of Bitcoin Financial Services

Bitcoin is a revolutionary technology that is changing the financial landscape. As crypto adoption continues to grow, companies like Unchained are well positioned to capture a significant portion of the market. Unchained’s $60 million B-round financing is a testament to the institutional interest in Bitcoin and its potential to transform the traditional finance industry. With the increase in institutional investors’ demand for Bitcoin exposure, it is expected that more financial service providers focused on cryptocurrency will emerge in the coming years.

FAQ

#What is Unchained?

Unchained is a cryptocurrency financial service provider that offers institutional investors access to Bitcoin markets, custody, and prime brokerage services.

#Who led the $60 million B-round financing for Unchained?

Valor Equity Partners led the $60 million B-round financing for Unchained, with NYDIG, Trammell Venture Partners, Ecliptic Capital, and Highland Capital Partners participating.

#What will Unchained use the capital raised for?

The capital raised will be used to expand Unchained’s operations and offerings, including Bitcoin-based lending and financing services.

Conclusion

The completion of Unchained’s $60 million B-round financing is a significant development in the Bitcoin financial service provider industry. The increasing interest of institutional investors and the growing demand for Bitcoin exposure will continue to drive the growth of firms like Unchained in the coming years. As the digital currency market matures, Bitcoin’s potential for use in traditional financial services seems to be endless.

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