Lumina secures $4m in its seed round

Lumina, a digital assets prime dealer and financial platform, has secured $4m in its seed round.

The company’s goal is to speed up the mass adoption of digital assets by bridging the gap between traditional finance and crypto. Lumina helps family offices and hedge funds gain exposure to cryptos and digital assets through its multivenue, direct market access and optimised order execution.

Its front-to-back office tools help investment managers to visualise holdings, track performance, assess risk, build reports and dashboards to streamline operations and make informed decisions.

Users can execute their trading strategies, but also manage their portfolio and aggregate data from all their wallets, exchange accounts, and custody solutions.

“Crypto investing has been very cumbersome for institutions. Accounting for tax lots, managing wallets, dealing with random airdrops and simple portfolio tracking have all been massively time consuming,” said Brian Murray, an investor with Craft Ventures. “Lumina solves all that with one secure, reliable, and efficient platform. Now I can spend my time creating value, not counting it.”

While the investors to this round were not disclosed, some of the firms listed backers include Craft Ventures, Dragonfly Capital Partners, Bo Feng’s VC firm and Bain Capital Ventures.

Earlier in the year, fellow institutional cryptocurrency trading platform BeQuant launched its services globally. The company is designed to aid professionals investing into and trading in a wide variety of crypto asset classes in a secure manner.

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