Abhi Pingle, the co -founder of Theo, announced that the institutional -level cryptocurrency trading platform THEO has raised a total of $ 20 million in finance in the second round. THEO finished $ 15.5 million in March after raising $ 4.5 million last year.
The venture company HACK VC and Anthos Capital have led the most recent financing rounds. According to the press release, additional participants are manifold trading, Mirana Ventures, Metalayer Ventures, Flowdesk, SCB, MEXC, Amber Group and Selini Capital and Citadel, Jane Street, JPMORGAN and other traditional and other traditional It was included with the Angel Investors of the financial trading company.
THEO builds a trade infrastructure so that the institution can grow onChain capital. The low corruption validation test operated by Theo continues to be released by guaranteeing safe custody for users and guaranteeing rules -based access to market manufacturers, trading companies and other institutional customers.
Pingle said it plans to use the financing to strengthen the effective inspection structure, promote the integration with the encryption and traditional financial platform, and grow the user base. We also plan to strengthen regulatory compliance and institutional boarding efforts.
THEO’s board of directors has not been changed according to this most recent financing round. However, Pingle said that the company is in “active discussion” with investors and strategic partners about expanding the board of directors to strengthen its global market expertise as the company grows.
According to the company’s website, THEO maintains a total value of nearly $ 29 million and supports four blockchains.
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