AnnounceAnnounce, has received $15 million in investment from Galaxy Digital.
AlphaPoint received US$1.35 million in financing in 2014. At the end of 2015, it began to provide blockchain solutions for companies engaged in digital asset storage, tracking and trading. Its products include asset tokenization platforms, digital currency exchange platforms, etc. Among them, the exchange platform can handle millions of digital currency exchanges per second, which is more attractive to many digital asset exchanges. AlphaPoint has more than 20 customers in this business.
In the tokenization of real assets, AlphaPoint recently released the blockchain system Regulated Asset Backed Token (RABT), allowing investors to invest in real estate and other real assets through tokens.
Previously, AlphaPoint also cooperated with technology giant Intel (Intel) to launch a virtual machine product called TrustedVM (which can be understood as a software + hardware product that can simulate a computer running independently). This product helps companies create and trade digital physical assets in a secure network environment.
The investor in this round is Galaxy Digital, owned by billionaire and legendary American fund manager Mike Novogratz. Founded earlier today, Galaxy Digital is an investment bank that focuses on investing in cryptocurrencies and blockchains. It is called Goldman Sachs in the currency circle by the industry. It raised a total of 250 million US dollars in the first phase. Galaxy Digital stated that the digitization of assets is the initial stage of the fundamental transformation of the financial market, so it is optimistic about the market opportunities for digitizing illiquid assets. In addition to the investment, Greg Wasserman, managing director of Galaxy Digital, will also join AlphaPoints advisory board.
As for the team, AlphaPoint founder Joe Ventura has developed high-speed software systems for financial institutions such as Deutsche Bank, Merrill Lynch, and UBS. Co-founder and vice president of development Jack Sallen has 15 years of experience in financial service development. Commodity exchanges engage in automated electronic arbitrage trading.
