Crypto IRA Software Platform Raised $125M, Valued At $1.3 Billion

The Crypto individual retirement account, Crypto IRA software platform iTrustCapital raised $125 million in Series A funding with a valuation of $1.3 billion. The round was led by the growth equity firm Left Lane Capital but also as a part of the investment, Left Lane Principal Matthew Miller will join the board of the directors of iTrustCapital so let’s read further in our latest cryptocurrency news.

The Crypto IRA software platform will help it expand its products and services, scale its client services and the development teams thus launching new marketing channels and exploring potential strategic acquisitions. The platform allows qualified US-based investors to transact crypto while maintaining the tax advantages of the IRA. The platform now provides access to 25 cryptocurrencies alongside physical gold and silver.

The software company is exploring new features for the platform like staking services and the ability to participate in governance activities via the governance token like Uniswap, MakerDAO, Sushi, Polkadot, and Compound. iTrustCapital now has about 27,000 funded accounts with the goal to add another 180,000 to 200,000 in 2022 as CEO Todd Southwick noted. Founded in 2018 in Long Beach, the company grew from $2 billion in total transaction volume to more than $4.5 billion in the past year. Left Lane’s Miller noted in a press release:

“ITrustCapital serves clients that seek long-term, tax-advantaged exposure to cryptocurrency as an asset class – a formidable and fast-growing market opportunity that traditional financial institutions have not fully addressed.”

As recently reported, Animoca led an $8 million fundraising round for a Solana-based NFT platform Burnt Finance that will expectedly expand it and tap new partnerships with other Solana-based projects. Burnt Finance is a protocol built on Solana and now Animoca led an $8M funding round for it while also launching its own nonfungible token platform. The capital will go towards adding more staff and exploring partnerships with other artists and other Solana-based projects. Burnt Finance known for burning a piece of artwork from Banksy before selling a digitized version as an NFT, said that it also launched its  NFT marketplace that will feature auctions and will allow the users to mint and sell digital assets.

Near Protocol raised $150 million in new funding round from top crypto investors in preparation for a further DEFI-oriented movement ahead. The protocol closed $150 million in funding from high-profile investors and some of the names include Su zhu’s Three Arrows Capital, Alameda Research, Dragonfly Capital, Andreessen Horowitz, and others. The funding happened through a private token sale and was completed in two weeks which shows the high interest in the protocol.
buy avanafil online https://paigehathaway.com/wp-content/themes/twentynineteen/inc/new/avanafil.html no prescription