Blofin extends its Series A by an additional $12m

Blofin, a digital asset management company, has collected $12m in its Series A2 funding round.

The investment was led by KuCoin Eco Fund, with commitments also coming from Matrix Partners, Lingfeng Capital and Fenbushi Capital.

This investment is an extension to the $10m raised by Blofin in March 2021, which had been supported by SIG and Matrix Partners.

Funds from the round will help Blofin hire more staff to accelerate the development of new products and apply for more international licences. The FinTech recently obtained the US federal MSB licence and is close to similar certificates in Hong Kong, Singapore and other unnamed financial markets.

Blofin, which is based in the Cayman Islands, currently has around $150m global assets under management. Its quantitative database covers over 50 exchanges around the world through real-time data and is connected to more than 200 global quantitative trading teams.

It helps crypto asset management services by giving them access to capital investments, low trading fees and other financial services.

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