Portofino Technologies, a Zug, Switzerland-based firm active in software development, distribution, and licensing, announced that it has come out of stealth and raised over $50M in equity funding from Valar Ventures, Global Founders Capital, and Coatue.
The company will use the funds to power digital asset adoption for institutional investors and Web3 companies.
Trading-grade technology
Founded by two former Citadel Securities leaders, Leonard Lancia and Alex Casimo, Portofino is building high-frequency trading-grade technology for digital assets.
The company’s mission is to scale its technology across the full crypto infrastructure value chain.
Leonard Lancia, CEO and Founder at Portofino says, “Having worked at the forefront of the modernisation of traditional markets, we believe that our liquidity provisioning infrastructure can deliver enormous benefits to digital asset participants globally and drive the next leg of adoption. However, this is only the start for Portofino. In...
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