WisdomTree Investments announced its investment in Securrency, a developer of institutional-grade blockchain-based financial technology.
Exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager WisdomTree Investments (NASDAQ:WETF) announced its strategic investment in Securrency, a developer of institutional-grade blockchain-based financial and regulatory technology.
As quoted in the press release:
Securrency raised $17.65 million in a Series A funding round, which was led by WisdomTree as a strategic investor. Other participants in the round include the Abu Dhabi Investment Office (ADIO), Japanese financial services giant, Monex Group, Inc., and venture capital firms RRE Ventures, Strawberry Creek Ventures, and Panthera Capital Investments.
WisdomTree was founded on the idea that there is a better way to invest. During a time when mutual funds were the preferred investment vehicle, WisdomTree delivered on its mission to develop better investment strategies in a more efficient structure, ultimately launching ETFs for investors that offer thoughtful innovation, smart engineering and redefined investing. WisdomTree’s early identification of the superiority of the ETF structure was critical to its success.