Crypto Company Solidus Raises $3 Million

Crypto company Solidus Labs announced on Wednesday the completion of a $3 million seed investment round led by Israel-based Hanaco Ventures. Berlin-headquartered venture capital firm Global Founders Capital GmbH and angel investors David Krell and Norman Sorensen also participated in the round.

Solidus offers a surveillance platform for digital asset trade. Founded in 2017 by former Goldman Sachs engineers Asaf Meir and Praveen Kumar, Solidus stated it set out to promote institutional and mainstream adoption of cryptocurrencies by offering technologies that support transactional integrity and help ensure compliance. Solidus said in a statement it lists exchanges, broker-dealers, and hedge funds in Europe, the U.S., and Israel among its clients.