What is Qredo?
Qredo operates at the intersection of digital asset trading and institutional finance, providing a unique solution that addresses counterparty risk. By leveraging its proprietary blockchain and a consensus-driven MPC network, Qredo offers institutional-grade security for its Qredo Wallets. These wallets can be managed by the user or a custodian, catering to a diverse clientele including OMS/EMS vendors, custodians, exchanges, and institutional traders. The company's core innovation lies in its ability to facilitate the granting of trade credit for any digital asset held within a Qredo Wallet, thereby unlocking liquidity without exposing parties to pre-settlement counterparty risk.
How much funding has Qredo raised?
Qredo has raised a total of $91M across 2 funding rounds:
Angel/Seed
$11M
Series A
$80M
Angel/Seed (2021): $11M with participation from The Spartan Group, Kenetic, Maven 11 Capital, G1, Gumi Cryptos, and 1kx
Series A (2022): $80M led by 10T Holdings, GoldenTree, Coinbase Ventures, and HOF Capital
Key Investors in Qredo
10T Holdings
10T Holdings is a growth equity fund specializing in the Digital Asset Ecosystem, focusing on mid-to-late stage companies. They manage significant assets and aim to drive innovation within the digital asset arena.
GoldenTree
GoldenTree is a global asset management firm with a broad credit investment platform, managing nearly $55 billion across various alternative and fixed income strategies. They have a long track record of deploying capital across diverse markets.
Coinbase Ventures
Coinbase Ventures is the venture capital arm of Coinbase, investing in promising early-stage companies within the cryptocurrency and blockchain ecosystem.
What's next for Qredo?
With its recent major strategic investment and a history of substantial capital raises, Qredo is well-positioned for accelerated growth and market expansion. The company's focus on institutional-grade security and its innovative approach to mitigating counterparty risk in digital asset trading are key differentiators. Future developments are likely to involve further enhancement of its wallet infrastructure, expansion of its supported digital assets, and deeper integration with traditional financial systems and trading platforms. This strategic financing will enable Qredo to scale its operations, enhance its technological capabilities, and solidify its position as a leader in secure digital asset liquidity solutions.
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