Crypto Startup Floating Point Raises $ 10 Million in Series A Funding

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Floating Point Group, a Hoboken-based crypto startup, has raised $ 10 million in Series A funding to continue disrupting the crypto industry.

The Series A round of funding counted with the participation of investors like Tribe Capital, Anthony Scaramucci, Coinbase Ventures, Gettlylab’s FAST, CapitalX, Borderless Capital, Formulate Ventures, etc. Floating Point Group will use this investment to develop human resources and expand the market. Anthony Scaramucci commented on his participation in the tour, saying:

“Digital assets are at the forefront of financial innovation and promise to revolutionize money for small businesses and financial institutions. Floating Point Group is building transformative technology to deliver on this promise by helping companies access cryptocurrency markets. “

Regulated in the US and overseas, Floating Point aims to enhance existing secure custody solutions by integrating trading, payment, staking and profit functionality. By simplifying the backend operation, the startup supports investors to enable them to develop new cryptocurrency investment strategies. Jean Perifoy. Co-founder and CEO of Floating Point Group, referred to the growth the startup has experienced in this regard, saying:

“2021 has helped the entire industry to reach a milestone. The question is no longer if – but when. When will the infrastructure be ready for large-scale cryptocurrency adoption with efficiency, security and reliability? I couldn’t be more proud of the exceptional work of our team this year. With this funding comes a host of brilliant and dedicated partners who are helping us pave the way for the trading, custody and ultimately the use of digital assets ”

Floating Point’s first product to hit the market was an order management and execution system integrated with a newly popularized payment and custody platform that supports billions of dollars in cryptocurrency transactions each. year. Through this product, asset managers or investors can directly access the market using centralized or decentralized cryptocurrency exchanges and even OTC desks. In addition, it also helps clients secure their assets with a multi-party calculation based portfolio system.

As crypto continues to gain popularity among private investors and businesses, connecting the worlds of decentralized finance and the centralized crypto platform is paramount to ensure innovation. The crypto startup plans to facilitate this process by becoming a major engine of ecosystem growth.

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