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Saturday, February 4, 2023

Genesis Bolsters Its Position

Genesis Global Trading, Inc., an institutional trading firm and registered broker-dealer, along with its affiliated company Genesis Merchant Partners, LLC, a registered investment advisor, and digital asset merchant bank have received a combined $140 million in additional equity financing from strategic investors. This brings the total amount of funds raised by the company to date to $216 million.

Genesis Global Trading is an institutional-grade cryptocurrency trading firm that provides liquidity across multiple exchanges as well as OTC markets globally. The company recently acquired XBTS Market Surveillance System (XBTS) which was founded in 2016 by former NASDAQ Chief Information Security Officer Brian Amisano. The acquisition will allow Genesis Global Trading to provide its clients with one of the most advanced real-time market surveillance technology platforms in the industry today with 24/7 coverage from three data centers around the globe.

Genesis Powering Through

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The new funding round was led by Bitmain Technologies Ltd., one of the largest manufacturers of application-specific integrated circuits (ASICs), who also invested in Circle earlier this year for a reported $110 million at a valuation over $3 billion; Galaxy Digital Holdings Ltd., an investment company focused on digital assets.

Blockchain Capital LLC., one non-profit venture capital fund focused exclusively on blockchain startups; Larry Sanger Co-Founder & Chief Information Officer – Wikipedia Inc.; Digital Currency Group Inc., an investor network focusing on blockchain technologies; Meraas Holding LLC – Dubai World Executive Chairman Mohamed Alabbar’s asset management arm; Mark Zuckerberg’s sister Randi Zuckerberg – entrepreneur and TV host at CNN Business News Network; David Marcus Head Of Messenger Platform At Facebook Inc.; Peter Smith Co-Founder And CEO Of Blockchain Wallet.

Genesis’s mission is to make digital assets more accessible and trusted for institutional investors. This new funding will allow us to accelerate our investment in supporting the growth of these institutions and their clients, while continuing to drive innovation in the space.

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