Crypto funding: 3 crypto companies secure $90M+ raises


19 Nov 2023 2:00 PM, BC Technology Group and Fnality all secured raises in excess of $90 million this week....

  • raised $110 million in a Series E round led by Kingsway.
  • BC Technology Group, the parent company of OSL, raised $91 million through a share subscription.
  • Fnality, a tokenized currency firm, announced a $95 million round led by Goldman Sachs and BNP Paribas.
  • These raises are significant as they come during a funding slump in the crypto industry.
  •'s round is the fourth-largest fundraise of the year.
  • Manny Stotz and Nicolas Brand will join's board of directors.
  • BC Technology Group acquired $91 million when BGX purchased almost 30% of the company's stock.
  • OSL joined HashKey as the first exchanges to acquire Hong Kong's new license for retail crypto trading.
  • Fnality focuses on tokenizing securities and is part of the growing trend of asset tokenization.
  • Superstate also raised $14 million in a Series A round led by CoinFund and Distributed Global.

The article highlights positive news of significant funding raises in the crypto industry, despite a funding slump.

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You May Ask

Which companies secured funding raises in the crypto industry this week?How much funding did raise in its Series E round?Who led the funding round for Fnality?What is the trend of asset tokenization mentioned in the article?Which company raised $14 million in a Series A round led by CoinFund and Distributed Global?

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