Canadian Crypto Platform Newton Raises $20M Round at $200M Valuation

2 years ago

Canadian crypto trading level Newton has raised a $20 cardinal Series B backing circular astatine a valuation of astir $200 million.

The Series B was led by partners from DV Chain, Newton said connected Wednesday. Asset manager CI Financial besides participated successful the round, on with Singh Capital Partners, Anthony Pompliano, Tiny Capital and Snowdevil Capital (founded by Shopify co-founder Tobias Lutke).
Newton is simply a crypto level that offers implicit 60 crypto assets to traders successful Canada. It has filed an exertion for registration arsenic a restricted trader with the Ontario Securities Commission (OSC) and the securities regulatory authorities successful each different provinces and territories of Canada.
The steadfast volition usage the funds to make its level and infrastructure, arsenic good arsenic for different wide purposes.
CI Financial, which has assets nether absorption of astir $304 billion, said successful a abstracted press merchandise that the Series B was completed connected Feb. 4.
Last year, CI Financial's subsidiary CI Global Asset Management became the world's archetypal institution to connection some communal funds and exchange-traded funds (ETF) offering nonstop vulnerability to bitcoin and ether.

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Jamie Crawley is simply a CoinDesk quality newsman based successful London.

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