BlockFills, a major marketplace for digital assets creators, traders and brokers, has announced the completion of a $ 37 million Series A financing round.

The round was led by institutional investors including Susquehanna Private Equity Investments LLLP, CME Ventures, Simplex Ventures, C6 Ventures and Nexo Inc. Since its inception in 2018, the company has received a total of $ 44 million from institutional investors through two rounds of financing.

According to the announcement, the funding round will help Blockfills expand globally and support a technology debut to stimulate global Fortune 500 companies, hedge funds / asset managers, banks and other institutions in the digital asset sector, and the development of mining.

“The successful conclusion of our Series A funding round will help ensure that BlockFills and our technology platforms become industry leaders and continue to meet the demand for end-to-end solutions that help organizations operate safely and efficiently in digital asset markets,” the announcement reads. . Nick Hammer, co-founder and CEO of BlockFills.

The company started as a rotating business and raised its first foreign capital in May last year. Most investors from this round retained interest in the company, and invested again this time. Over the years, the company has had a 400 percent annual growth in high revenues, with spot trading volumes that have grown more than 20 times on average per month since January 2020. The company currently has over 600 institutional customers.

Related: Checkout.com raises $ 1 billion in Series D, bringing the valuation to $ 40 billion

In November 2019, Blockfills teamed up with New York-based fintech firm Tassat to offer an institutional trading service on Instant Bitcoin (XBT / USD) settlement service. Blockfills today focuses on international growth and technology development. She went on to say that the new cash will be used to achieve her goal of expanding into new sectors and strengthening her market position.

Source: CoinTelegraph

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