Babel Finance, a wholesale crypto financial services provider, announced the completion of an $80 million Series B funding round at a valuation of $2,000. million US dollars. Lead investors in this round include Jeneration Capital and 10T Holdings, as well as existing shareholders Dragonfly Capital and BAI Capital. Other investors include Circle Ventures and several family offices in the Asia-Pacific region.
At the end of 2021, the firm had an outstanding loan balance of more than US$3 billion, an average monthly trading volume of US$800 million in derivatives, and had structured and traded more than US$20 billion Americans in options products.
Since its establishment in 2018, Babel Finance has been committed to the development of crypto-financial services infrastructure and has become a major player and builder of the crypto-financial interest rate market and derivatives trading market.
“The crypto financial market is full of hidden opportunities and risks. From the perspective of short-term profits, the retail market and altcoins may have higher profit margins, but we pay more attention to the long-term development of the industry and our goal is to be a leader in innovation and institutional financial services,” explained Del Wang , co-founder and CEO of Babel Finance . “Not only does this help to overcome the many uncertainties in the early stage of the industry, including regulatory and market uncertainties, but it also protects our customers to the greatest extent possible.”
“As the crypto finance industry becomes more institutionalized, our mission at Babel Finance is to explore and participate in building the fundamental financial order and rules for the industry,” added Wang. “By doing so, we contribute to its long-term development as that we grow.”
Commenting on the decision to invest in Babel Finance’s Series B funding round, Jason Tan, Partner and Chief Investment Officer at Jeneration Capital, commented : “The institutional investor market is in its early stages of participation. in the class of crypto assets Requires both commitment to risk management and professionalism to build trust in the ecosystem Babel Finance is becoming a major node in the crypto ecosystem, allowing new and existing participants to thrive in this burgeoning class of assets”.
“Babel Finance has opened up a high-value, high-barrier-to-entry market in the emerging field of institutional crypto investor services,” explained 10T CEO and Managing Partner Dan Tapiero . “Babel Finance has built a laudable reputation as a highly specialized and reliable crypto-financial institution, maintaining its leadership position among the client-focused institutional market.”
“Babel Finance is in the right place at the right time with the right products, catering to the surge in demand from institutional investors and family offices for sophisticated digital asset products and services,” said William Zhao , Partner at BAI Capital . “Babel Finance differentiates itself from the competition thanks to its focused approach to the corporate and wealth segments of digital assets. The company has found the sweet spot by offering local access and knowledge of a dynamic region to globally minded institutional investors.”
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