TechFlow news — According to Bloomberg, on February 26, 2022, crypto financial services firm Blofin completed a new round of financing totaling $50 million, led by KuCoin with participation from SIG and Matrix Partners. Blofin provides overseas compliant institutions and clients with asset management, trade execution, and other services. The company has obtained the U.S. federal MSB license, completed fund registration with the Cayman Islands Monetary Authority, and is actively applying for regulatory licenses in Hong Kong, Singapore, Canada, Switzerland, and Australia. Matt, founder of Blofin and TokenInsight, said the raised funds will be used to recruit talent in trading, technology, product development, operations, and compliance; upgrade and iterate trading infrastructure, develop innovative products and services, enhance mobile applications, and expand multi-country compliance and operational efforts. Despite market headwinds due to liquidity conditions in 2022, this year remains pivotal for industry growth—driving global user adoption from 200 million to 1 billion. Blofin and TokenInsight will continue delivering professional and reliable services to an expanding base of clients and users.Source link
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