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Crypto Asset Management firm Babel Finance leads USD2m seed round for Custonomy

Custonomy, a digital asset custody service firm, has completed a seed round of USD2 million led by Crypto Asset Management Firm Babel Finance, prominent worldwide crypto financial services provider, led the seed funding round.

Custonomy’s next phase of expansion will be fuelled by the seed money with the funds set to be used to further the company’s institutional-grade, ultra-secure corporate management systems for crypto asset management using multi-party computation technology (MPC). The emphasis will be on assisting businesses in providing best-in-class security solutions to protect crypto assets from cyber theft. 

Custonomy was founded in April 2020 as a seed stage company in response to a rising need among investors and asset owners to secure their crypto assets from internet theft.

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