AlphaPoint Raises $15 Million; Enabling Institutions To Tokenize Assets And Power Digital Asset Exchanges
AlphaPoint, the global financial technology company that helps institutions launch trading platforms and tokenize assets with blockchain technology, today announced a Series A funding round of $15 million. The capital raise is from Galaxy Digital Ventures LLC, a venture investment firm founded by Michael Novogratz.
Broad Customer Base
AlphaPoint’s white label exchange and asset digitization technology is leveraged by customers in over 30 countries around the world. AlphaPoint’s technology is already used by major institutions such as CME Group, The Royal Mint, London Block Exchange (LBX), Bitt, and Muirfield Investment Partners to launch trading platforms and digitize assets. AlphaPoint covers markets ranging from commodities, private company shares, and fiat currencies, to real estate, diamonds, cryptocurrencies, ICOs, and securitized token offerings. The funding will be used to further accelerate the already rapid global growth AlphaPoint is currently experiencing.
“We are in the early stages of a fundamental transformation in financial markets due to the digitization of assets. This transformation started with currencies but is now changing the way we look at commodities, real estate, art, and other traditional and emerging asset classes. We are excited to partner with AlphaPoint as we continue to help drive this revolutionary change in digital markets,” said Mike Novogratz, CEO and Founder of Galaxy Digital Ventures.
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