Fortress Blockchain Technologies Raises $22.5M in Seed Funding
- on Aug 12, 2022
Fortress Blockchain Technologiesa Las Vegas, Nevada-based fintech blockchain infrastructure startup has raised $22.5 million in seed funding.
The round was led by Ayon Capital, with participation from Soaring Investment Management, Fortress founder Scott Purcell, and a few select super angel investors.
The funding will allow the company to continue writing software, begin expanding its regulatory services globally, and build the sales and operations teams to support a wide variety of B2B customers across many industries.
Led by Scott Purcell, Founder and CEO, Fortress Blockchain Technologies is purpose-built to provide financial, regulatory, and technology infrastructure to the Web3 space. The company offers financial services, including compliance, payments, custody, asset trustee, escrow, crypto liquidity and other services, as well as a minting engine for fungible and non-fungible tokens as well an NFT and crypto wallet that is secure, user-friendly and can be integrated into third-party mobile and web apps.
With a team of 84 full-time product managers and software engineers, one of the main goals of this B2B FinTech/BlockTech infrastructure company is the continuous development of Fortress technology initiatives for integrated and user-friendly NFT and crypto wallets, driven by API. and white-label minting engines for fungible and non-fungible tokens, and its proprietary core system for financial and trust services.
In addition to engineering, the company has invested in its regulatory initiatives. This has included the hiring of Albert Forkner, former Banking Commissioner (WY) and Chairman of the Conference of State Banking Supervisors as CEO of the wholly owned subsidiary, Fortress Trust. Ryan Miller, formerly head of sales at multi-billion dollar FinTech MX Technologies, has joined Fortress as chief revenue officer and is currently building a team of enterprise sales veterans across various verticals.
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