{"id":42549,"date":"2021-05-16T10:39:07","date_gmt":"2021-05-16T07:39:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42549"},"modified":"2025-08-30T23:41:24","modified_gmt":"2025-08-30T20:41:24","slug":"polysign-ripple-co-founders-blockchain-company-raises-53-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/polysign-ripple-co-founders-blockchain-company-raises-53-million\/","title":{"rendered":"PolySign, Ripple co-founder&#8217;s blockchain company, raises $53 million"},"content":{"rendered":"<p>PolySign, founded by Ripple co-founder Arthur Britto, closed a $53 million Series B round. It was led by U.S. bank Cowen with a strategic investment of $25 million.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Exciting news at the first close of our Series B fundraising \u2014 PolySign is forming a strategic partnership with <a href=\\\"https:\/\/twitter.com\/Cowen_Inc?ref_src=twsrc%5Etfw\\\">@Cowen_Inc<\/a> following their leading $25 million investment. <a href=\\\"https:\/\/t.co\/NNCE6T39ix\\\">https:\/\/t.co\/NNCE6T39ix<\/a><\/p>\n<p>\u2014 PolySign (@PolySignInc) <a href=\\\"https:\/\/twitter.com\/PolySignInc\/status\/1392831028616732678?ref_src=twsrc%5Etfw\\\">May 13, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n<\/p>\n<p>Blockchain.com, Race Capital, Sandia Holdings, and PilotRock Investments also participated in the round.<\/p>\n<p>\\n\\n<\/p>\n<p>According to the statement, the raised capital will be used to accelerate development of institutional-grade blockchain applications for the custody and management of cryptocurrencies.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;As digital assets continue to grow and mature as an asset class, institutional investors need reliable storage and trading solutions that meet their requirements for investing in traditional securities,\\&#8221; said Cowen CEO Jeffrey Solomon.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>In the context of the strategic partnership, the bank and the blockchain company plan to leverage each other&#8217;s expertise to jointly implement a comprehensive solution for the management of digital assets for institutional investors.<\/p>\n<p>\\n\\n<\/p>\n<p>Custodial services will be provided by Standard Custody &#038; Trust Company, a PolySign subsidiary that holds a cryptocurrency trust license from the New York Department of Financial Services (NYDFS).<\/p>\n<p>\\n\\n<\/p>\n<p>The partners intend to leverage the capabilities of Cowen&#8217;s digital-banking platform.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;The synergy between PolySign and Cowen&#8217;s innovative, rapidly growing capital markets platform will be rocket fuel for our next-generation technologies for the financial markets,\\&#8221; said Arthur Britto.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>In 2021, the average size of venture investments in crypto companies <a href=\"https:\/\/u1f987.com\/en\/news\/in-2021-the-average-size-of-venture-investments-in-crypto-companies-rose-by-120\">rose 120%<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PolySign, founded by Ripple co-founder Arthur Britto, closed a $53 million Series B round led by Cowen with a strategic investment of $23 million.<\/p>\n","protected":false},"author":1,"featured_media":42550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1133],"class_list":["post-42549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=42549"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42549\/revisions"}],"predecessor-version":[{"id":42551,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42549\/revisions\/42551"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/42550"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=42549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=42549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=42549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}