Solidus Labs, a company specializing in monitoring market manipulations in the crypto industry, has recently completed a $45 million Series B funding round.
The round was led by Liberty City Ventures with the participation of Evolution Equity Partners, Declaration Partners, former OSS head Brian Brooks and former CFTC chairman Christopher Giancarlo.
The funds raised by the company will be used to increase the number of financial partners and new research and development. Since the beginning of last year, the startup team has quadrupled.
Former Goldman Sachs bankers founded Solidus Labs 4 years ago. They believe that the lack of proper controls and risk mitigation tools are the main barriers to the mass adoption of cryptocurrencies.