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A company trying to solve one of the biggest pain-points in crypto just raised $8 million, and it could help lure in big Wall Street funds to the burgeoning industry

A company trying to solve one of the biggest pain-points in crypto just raised $8 million, and it could help lure in big Wall Street funds to the burgeoning industry
Astrid Stawiarz/Getty Images for Tribeca Film Festival



Venture firm Two Sigma and blockchain company ConSensys have invested $8 million into digital-asset custody provider Trustology.




The startup tackles one of the key challenges in cryptocurrencies: safely holding digital assets in a way that protects them from thieves but also allows the rightful owner to get quick and easy access.




The funds will be used to develop new products, move into additional asset classes, and expand internationally.



A company looking to solve one of the biggest pain-points in crypto just raised $8 million from two heavyweights.
London-based Trustology on Thursday announced it had raised funds from Two Sigma Ventures, the early-stage investor tied to one of the world's largest hedge funds, and ConSensys, the blockchain company led by Ethereum founder, Joseph Lubin.
Trustology tackles one of the key challenges in cryptocurrencies, safely holding digital assets in a way that protects them from thieves but also allows the rightful owner to get quick and easy access to it, say for purposes of intraday trading. With digital currencies, investors hold a so-called key that gives them access to their account.
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