Crypto Financial Services Firm, Blofin Raises US$50 Million from KuCoin, SIG and Matrix Partners

TokenInsight news, according to Bloomberg, February 26, 2022, crypto financial services firm Blofin closed a new round of $50 million in funding led by KuCoin and followed by SIG and Matrix Partners China. Blofin provides asset management, trade execution and other services to overseas compliance agencies and clients. Blofin is dedicated to compliance, having already obtained its USA federal MSB license, a CIMA compliant fund license, and is also working to obtain additional asset management licenses in Hong Kong, Singapore, Canada, Switzerland, Australia and others. Matt, the founder of Blofin and TokenInsight, said the funds raised will be used to bring in trading, technology, product, operations and compliance talent, develop and iterate on trading infrastructure, innovative products and services, mobile products, and conduct multi-country compliance and operations. Although crypto markets are currently suffering from liquidity issues, the industry is expected to see major growth in 2022 (from 200 million to 1 billion users worldwide). Blofin and TokenInsight will continue to provide professional and reliable services to more clients and users.