Crypto Accounting Platform Cryptio has raised $ 15 million in an extension of its series A financing from June 2022.
The existing investor Aveno directed the round and presented the participation of the new 1KX sponsors and Ledger Cathay Capital, Cryptio told Coindesk by email on Wednesday.
The $ 15 million collected carry the total round of series A $ 25 million.
Cryptio’s objective is to provide traditional financial entities (tradfi) operations and back-effect infrastructure that allow them to offer digital asset products such as stablocoins, loans with cryptography and cryptography savings.
Many observers expect the number of banks that offer cryptographic services to increase after the repeal of the controversial accounting rule Saes 121 of the EE. UU securities and exchange commission. (SEC).
Sab121 decreed that a company that maintains the cryptography of a client must register them in their own general balance, with potentially important implications for the capital allocations of the banks when working with cryptographic clients. This caused the wrath of the participants of the cryptographic industry, since it did not take into account the lack of orientation of the SC on how securities laws to digital assets apply.
Therefore, the repeal of this legislation is acclaiming as a sign of the changing regulatory panorama for cryptocurrency in the United States.
Read more: a new era (digital) in the sec
