The round was led by Blockchain Capital with participation from Tapas Capital, Green D Ventures, The MBA Fund, and strategic angel investors.
The company will use the funds to scale its engineering talent and expand the capabilities of its platform.
Led by CEO and co-founder Esteban Castaño, TRM provides a regtech platform designed specifically to streamline on-chain AML compliance for digital asset companies, saving them time and reducing risk. The platform includes solutions for on-chain customer due diligence, transaction monitoring, and customer relationship management.
The company is also building tools that use machine learning and millions of data points to automatically detect suspicious activity like money laundering and market manipulation. Over 20,000 individuals have verified their Ethereum address on TRM’s platform.
TRM recently rolled out its analytics solution globally with TrustToken’s TrueUSD, one of the largest fiat-backed stablecoins, to allow TrustToken to drive growth and mitigate risks. TrustToken is using TRM to segment core user groups and identify which exchanges and channels are driving growth.
FinSMEs
31/01/2019