Digital asset brokerage company Nonco completed a $10 million seed round of financing, led by Valor Capital and Hack VC

Odaily News Digital asset brokerage Nonco completed a $10 million seed round of financing, with investments from Valor Capital Group (led by former U.S. Comptroller of the Currency and former Binance.US CEO Brian Brooke) and Hack VC (led by Dragonfly Capital founder Alex Pack) Institutions) led the investment, with participation from Morgan Creek Digital, CMCC, Lvna Capital, Theta Capital, Bullish, Bastion Trading and Libra Capital Ventures. Brooks and Peck will join the company as board members. The company was spun out of OSL Digital Limited, the Americas arm of Hong Kong-based digital asset platform OSL, and is comprised of the same team, with OSL retaining a minority stake in the new joint venture. The company has generated $6 billion in sales in Latin America since its launch in April and is now focusing on expanding into the U.S. market. It is reported that the company provides a non-custodial method that uses multiple counterparties to reduce risk settlement mechanisms. (CoinDesk)