Atato, a digital asset company, has raised $6m from a Series A funding round headed by AlphaLab Capital and FEBE Ventures.
Also taking part in the round were Babel Finance, NFT1, Wing Vasiksiri, January Capital, NGC Metaverse Ventures, Huashan Capital, Tom Trowbridge and SOSV. Angel investors such as Dan Bertoli also took part.
The company claims it has a custodial solution that goes beyond enabling institutions to securely manage their digital assets by combining enterprise-grade security with MPC technology and customisable roles and transaction policies. This, Atato claims, reduces the traditional risk of private seed phrase/key management and addresses the risks of human failure or misconduct.
Atato claims it is the first custodian globally to offer services like Bring Your Own Chain/Bring Your Own Token capabilities.
The company claims its Series A funds are commited to further expanding its product offerings and fast-track completion of existing beta-development products.
Atato CEO and co-founder Guillaume Le Saint said, “The fact that we’ve inspired investor confidence in the current market conditions is a clear endorsement of Atato’s long-term roadmap and vision. Atato’s MPC institutional grade custodial product provides institutions and entities with an extremely cost-efficient solution with enterprise-grade security and regulatory compliance that supports digital assets as well as interact with Web3.0 and DeFi. Our product offerings are well-placed to deliver value to an underserved market segment that desires to explore decentralized finance using Atato’s special custodial solution.”
Maxime Paul – fellow co-founder of Atato – added, “We believe that the market has matured to a certain level as such that Atato’s services are not only desired but required in the current market. As a blockchain security provider – we recognize the need for users to add their own tokens or chains to their wallet regardless of volume or adoption – clients involved in our beta were able to add any token in 1 click – something that was impossible previously.”
“In bearish markets, crypto adoption scales through infrastructure development,” said Maxime. “We see well-funded projects with strong fundamentals continuing to build through this period – Atato will continue to support their development with our resources and technology.”
Copyright © 2022 FinTech Global