Cryptoasset information and transparency platform Digital Assets Data has secured a seed investment from Vestigo Ventures.
The company provides infrastructure for financial institutions to share processes and data securely. Through the distributed ledger clients can ensure transparency and understanding of the cryptocurrency currencies, platforms, applications, side chains, security tokens, and ICOs.
Equity from the round will be used to scale the company’s technology and programming operations.
Digital Assets Data CEO and co-founder Mike Alfred said, “As cryptoassets continue to gain momentum, financial institutions will require specialized tools that allow them to successfully navigate what is currently an opaque market environment. Vestigo understands the void Digital Assets Data fills, as well as our team’s track record and desire to grow another strong and defensible business.”
Digital Assets Data was launched by BrightScope co-founder Mike Alfred, his brother Eddie Alfred and BrightScope CTO Jason Yates. Founded in 2008, BrightScope is a data company that develops SaaS solutions for asset managers to support 401k plans.
Vestigo previously made an undisclosed investment in to tax-efficient investment software provider LifeYield.
Earlier in the month, Multicoin Capital launched a $250m crypto fund to invest in blockchain-based tokens. The firm is hoping to support tokens that ‘reshape’ the entire global economy, and will invest following detailed analysis.
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