Avanti Financial raises $37 million to launch institutional crypto bank
Cointelegraph
Published Mar 25, 2021 10:31PM ET
Updated Mar 27, 2021 12:20AM ET
The Avanti Financial Group has announced that it has raised $37 million in a Series A round, bringing the company closer to launch as a digital asset bank.
In a March 25 announcement, Avanti stated that it will use the proceeds to fund the required regulatory capital needed for launch, in addition to funding development and other operating expenses. The round brings the total amount raised to $44 million.
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Written By: Cointelegraph
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