TokenInsight Crypto Data Analytics and Rating Agency Gets 7 Figure Investment by Matrix Partners
TokenInsight announces partnership with Matrix Partners in a multi-million investment in the cryptocurrency data analytics company.
The announcement by TokenInsight earlier in the week of the new partnership with Matrix Partners has led to an increase in optimism amongst stakeholders of TokenInsight. The independent, third-party crypto data analytics organization is aiming at providing the users with accurate data and objective ratings on companies developing in the blockchain industry. In an effort to achieve its goals, TokenInsight has received a multi-million dollar investment in series A financing led by Matrix Partners China and includes Draper Dragon, Fenbushi Capital, and existing seed investor Susquehanna International Group Capital (SIG).
The funding received from the latest investment round is key to TokenInsight’s overseas operations, expand its internal database and algorithm systems, and improve dynamic rating and report services. Matrix Partners China and Susquehanna Capital have joined the TokenInsight Board of Directors.
TokenInsight Introduces Automation to Crypto Data Analytics
Speaking on the latest investment round, the TokenInsight team was ecstatic of the funding which is a huge step for the company in offering the public a more efficient and transparent blockchain field beating off scammers. The statement released on the latest series A investment round read further,
“This is absolutely one giant leap in the process of upscaling our services and enhancing transparency of the blockchain marketplace. We’ve never been more profoundly convinced that TokenInsight is capable of dealing with the ups and downs along the road and explore our unique path in this rapidly growing industry. We look forward to expanding our influence worldwide in the near future.”
TokenInsight currently operates over 600 token and has produced over250 risk assessment reports on these cryptocurrencies. The latest funding will allow operations to continue running smoothly as the company offers its open-sourced cryptocurrency ratings and research, token rating API integration, ETFs, and index products to cryptocurrency exchanges, mobile applications, investment funds, news media etc.
TokenInsight aims at a more user-friendly platform as the automation of the platform will make it and easier to use to rank the cryptocurrencies.
TokenInsight also has strategic partnerships with well re-known crypto exchanges including Binance and BitMart and others in a bid to improve the overall research and due diligence process on these cryptocurrencies. Additionally, cryptocurrency exchanges will smoothen the process of getting API integration. Token rating reports, crypto ETFs and other index commodities.
In conjunction with the exchanges, TokenInsight also focuses on strategic cooperation with the blockchain media industry, traditional media industry, mobile applications and social media links of the cryptocurrencies to gather enough data to build an efficient, accessible and fair platform to rank cryptocurrencies.