Get Custom Quotes, Info & More from Multiple Providers At Once.
May 3, 2021

Qredo Raises $11 Million in Seed Funding

May 10, 2021 - Qredo, a new decentralised digital asset management infrastructure and product suite, today announced the close of an $11 million seed round led by a diverse group of investors including G1 , Gumi Cryptos, Maven 11, Spartan Group, 1kx and Kenetic.

“The next generation of DeFi players will be institutions and these companies are actively looking for ways to enter the crypto market in a secure and compliant manner without sacrificing their ability to respond to economic opportunities, ” said Anthony Foy, CEO of Qredo. ”This funding will help us continue building this critical technology to bridge the gap between the security and governance of traditional finance and the rapidly evolving new world of DeFi."

Qredo uses a novel blockchain protocol that enables users to access cryptocurrencies on Layer 1 blockchains, such as Bitcoin, and Ethereum over a Layer 2 network. This innovation allows users to securely participate in new DeFi innovations such as accessing ‘cross-chain’ liquidity pools, trading collateralised derivatives, and executing cross-chain atomic swaps.

Since inception in 2018, Qredo has worked with a variety of established leaders in the crypto industry to develop innovative solutions. In addition to the well established financial investors, Qredo has also attracted a stellar group of strategic investors: Celsius, Deribit, Wintermute, GSR, CMS Holdings, Kronos Research and 3commas.

“Deribit is proud to work with Qredo to facilitate and settle digital asset transactions at lightning speeds,” said John Jansen, CEO of Deribit, another Qredo seed investor. “We look forward to seeing Qredo build out streamlined custodial services, especially for the crypto futures and options market. These services will highly improve the efficiency of digital asset derivatives markets, with customers in complete charge over their digital assets.

The funds from this seed round will fuel the next stage of Qredo’s growth, which includes doubling its R&D team and bringing in additional world-class talent at the C-suite level, along with Qredo’s anticipated version 2 launch. With version 2, Qredo will move significantly closer to achieving its ultimate goal of transitioning to a decentralised autonomous organisation (DAO).

Qredo version 1 mainnet is live today and the company operates 24 nodes in 6 tier 4 data centers: Tokyo, Hong Kong, Singapore, New York, Chicago and London. The successful release of version 1 has allowed Qredo to build, test and operate, prior to transitioning to version 2 decentralisation. Additionally, validators on version 2 are able to earn QRDO governance tokens as incentives, through a novel revenue-sharing mechanism within the network.

“The trickle of institutional capital flowing into the digital asset market is rapidly turning into a torrent,” said Alex Mashinsky, CEO of Celsius Network, which also invested in the round. “We are excited to see Qredo bring better speed, security and compliance into DeFi and provide a new way for institutions to interact with crypto on terms they are familiar with.”

The full group of investors includes: Amnis Ventures, Artus Capital, Borderless Capital, Celsius, CMS Holdings, Connect.Capital, Deribit, G1, GSR, Gumi Cryptos, Kenetic, Kronos, Maven 11, 1kx, Quantstamp, Rare Stone Partners, Spartan Group, SVK Crypto, Tokentus, 3commas, Wintermute, Yellow, Superchain Capital and Jackdaw Capital.

Require Some Guidance in Finding The Right Provider?

Let One of Our Experts Help!

Use the LiquidityFinder Match Matrix to find the right provider for your electrionic trading business!

Get Started


LiquidityFinder was created to take the friction out of the process of sourcing Business to Business (B2B) liquidity; to become the central reference point for liquidity in OTC electronic markets, and the means to access them. Our mission is to provide streamlined modern solutions and share valuable insight and knowledge that benefit our users.

If you would like to contribute to our website or wish to contact us, please click here or you can email us directly at

Be First To Comment.
Featured News on LiquidityFinder
Latest News on LiquidityFinder

To personalize content, provide a optimal experience, tailor and measure engagement; the browsing, navigating and the continous use of this website means you agree to the Terms of Service, Privacy Policy & Security Policy of this website. Your choices on this website will be applied globally throughout the website.

LiquidityFinder & Our Partners

Your behavior, data and actions may be utilized to offer you optimal connections and services by approved and suitable providers fitting your account requirements and website actions. When contacting providers or initiating a provider request, match matrix or expert match review we may share necessary data to evaluate your compatability with our connected partners and suitable providers.