Institution-Grade Digital Assets Data Company Secures $6 Million Led-By Morgan Creek And DCG
Crypto Data Company Receives $6 Million Investment From Morgan Creek Digital And Others
A crypto and fintech data company called Digital Assets Data has just completed an investment round which led it to acquire $6 million USD in investments. According to the official announcement from the company, the investment round was led by companies like Morgan Creek Digital and the Digital Currency Group.
Other high-profile investors which participated in the investment round are Distributed Global, Galaxy Digital, CMT Digital, and Ritholtz Wealth Management CEO Joshua Brown.
Now, the company will be focused on creating a new crypto-focused data platform which will provide the investors with insights from the crypto market, as well as other digital assets. The goal is to aim at hedge funds and other institutional investors in order to provide a highly valuable service that will help them to make even more money.
Mike Alfred, the CEO, and founder of Digital Assets Data, has already worked at Brightscope, in which he was the co-founder and CEO. There, he provided important companies like Fidelity Investments, Black Rock, JPMorgan and Goldman Sachs with data and ranking services, which shows that the prospects of his company are, indeed, very big.
The press release of the company affirms that the platform was originally launched last month, in March. At the moment, it is already helping some clients by providing them with knowledge and several insights from the market.
At the moment, the company is still expanding and improving its business and there are plans to offer on-chain reference data for the company’s clients in a cloud in the future.
Investments in crypto companies continue to become more and more common. Specialized companies like Morgan Creek Digital and Digital Currency Group are making a very important work by investing in some of the most exciting companies in the world right now.
Digital Currency Group, which is headed by Barry Silbert, a famous crypto investor, has invested in almost 130 companies so far, including heavy hitters like Coinbase, Ripple, and Circle.