Digital asset rater Agio Ratings raises $6m from AlbionVC

October 7, 2025

Agio Ratings, a digital asset risk intelligence firm founded in 2022, has raised $6m in fresh funding to accelerate its expansion in risk management for the digital asset sector.

The round was led by AlbionVC, with participation from Portage Ventures and MS&AD. The new capital brings Agio Ratings’ total funding to over $11m.

Agio Ratings specialises in assessing the financial stability of digital asset institutions such as exchanges, custodians, and lenders. The company’s quantitative models aim to fill a major gap in the market by providing data-driven insights into counterparty risk. Its technology allows financial institutions to evaluate the probability of default and manage exposures more effectively as market conditions change.

The new funding will be used to expand Agio Ratings’ research and engineering teams, enabling it to broaden the scope of its risk ratings and support major banks entering the digital asset ecosystem.

Agio Ratings has already demonstrated the accuracy of its models, having identified FTX’s elevated default risk months before its collapse, and correctly assessed Bybit’s ability to withstand a $1.5bn security breacha.

Wintermute head of risk Alain Passini said, “Growing institutional participation is transforming crypto markets and creating a greater need for credible, independent risk intelligence. Agio Ratings provides a clear, data-driven view of the probability of default for exchanges and other institutions, and their alerts deliver a valuable independent signal alongside our own monitoring by flagging anomalous transaction patterns.”

Earlier this year, Agio Ratings partnered with Relm Insurance to power its digital asset exchange default product. The company is now in discussions with several leading banks in the US and Europe to support their entry into digital asset trading, lending, and stablecoin infrastructure.

Agio Ratings CEO Ana De Sousa said, “We’re thrilled to have such strong backing from leading investors who understand the massive opportunity in managing crypto risk. This funding allows us to expand our team of world-class researchers and engineers while deepening our partnerships with major financial institutions. The interest we’re seeing from top-tier banks shows that they need our independent risk insights to participate safely.”