What is Qredo?
Qredo provides a solution for granting trade credit on digital assets pre-trade, mitigating counterparty delivery or settlement risk. Their proprietary Qredo Wallets are secured by a blockchain and a consensus-driven MPC network, offering institutional-grade security. The platform supports self-managed or custodian-managed wallet operations, catering to OMS/EMS vendors, custodians, exchanges, and institutional traders. This innovative approach aims to enhance liquidity and security within the digital asset ecosystem.
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 Maven 11 Capital, G1, Kenetic, Gumi Cryptos, 1kx, and The Spartan Group
Series A (2022): $80M led by Coinbase Ventures, HOF Capital, GoldenTree, and 10T Holdings
Key Investors in Qredo
Maven 11 Capital
Maven 11 Capital is a crypto-native fund that partners with founders redefining ownership through open and inclusive crypto networks, emphasizing active participation and technical fluency.
The Spartan Group
The Spartan Group LLC is an investment banking firm advising entrepreneurs and family-owned businesses, focusing on transaction services and strategic financial advice across various sectors, including technology.
HOF Capital
HOF Capital is a global technology investment firm that leverages its global limited partner network to help founders build massive businesses.
What's next for Qredo?
The substantial enterprise-level funding and recent strategic investment signal Qredo's intent to scale its operations and further penetrate the institutional digital asset market. This capital will likely be deployed to enhance platform capabilities, expand its user base, and forge new strategic partnerships. Qredo's focus on security and risk mitigation positions it to capitalize on the growing demand for regulated and secure digital asset trading solutions.
See full Qredo company page
