Financial technology firm backed by Digital Currency Group, Morgan Creek, and Galaxy Digital, among other leading investors
New York, NY (GLOBE NEWSWIRE) - Digital Assets Data, a financial technology and data company focused on the burgeoning crypto-asset industry, has launched with the support of a $6 million USD raise from leading investors, including Distributed Global, Digital Currency Group, Morgan Creek, Galaxy Digital, Jump Capital, CMT Digital, and Ritholtz Wealth Management CEO Joshua Brown, among others. With this support, Digital Assets Data will build out its crypto data platform and deliver institutional-grade information and insights to a broad customer base, including crypto hedge funds, family offices, and asset management research firms. The platform, launched in March, helps clients compound their knowledge about the digital asset space and build any model, analytic, heuristic, or signal, as code.
Mike Alfred, Co-Founder and CEO of Digital Assets Data, said: "The support of these leading investment firms represents a significant milestone toward developing a comprehensive platform for crypto data, giving us the ability to offer terabytes of clean on-chain, market, and reference data to customers in a fully hosted cloud environment. The extensive industry knowledge, networks, and capital of our investors will prove invaluable as we grow our team and service offerings. It will also prove critical as we expand our customer base and solidify our position as the enterprise data cloud of choice for digital asset market participants."
Established in 2015, Digital Currency Group (DCG) is an industry-leading firm that aims to support blockchain and digital currency companies to fast-track the creation of an improved financial system. DCG has invested in and supported the growth and advancement of many of the blockchain industry's pioneers, including Coinbase, Circle, and Ripple.
Travis Scher, VP of Investments at Digital Currency Group, said: "Digital Assets Data provides market participants with a comprehensive set of data that will enable them to make informed decisions. We are happy to support the Digital Assets Data team as they continue to fill this market need and expand the platform's service offerings."
Morgan Creek Digital Assets is a multi-strategy investment firm focused on providing access to blockchain technology and digital assets for institutional clients and family offices. Backed by multi-billion-dollar investment firm Morgan Creek Capital Management, and managed by a team with decades of experience running world-leading investment programs, the firm helps institutional clients gain exposure to the digital asset class.
Anthony Pompliano, Co-Founder and Partner of Morgan Creek Digital Assets, said: "I'm excited to work with Mike and the rest of the leadership team as they build the trusted cloud platform for enterprise customers in the crypto-asset industry. This is a tremendous global opportunity and we like to be early to back companies that we believe will be the industry leaders of the future."
Mike Alfred previously served as Co-Founder and CEO of BrightScope, a financial information company that built the leading retirement plan rating service and delivers data, ratings, and research via cloud software to the world's elite asset managers: Voya, Franklin Templeton, Capital Group, Blackrock, Pimco, Vanguard, Fidelity, State Street, J.P.Morgan, Goldman Sachs, and many others.
Mike Alfred, Co-Founder and CEO of Digital Assets Data, is available for interview.
About Digital Assets Data:
Digital Assets Data is a financial technology and data company building enterprise-grade software and data feeds for crypto hedge funds, family offices, research firms, global consulting firms, banks, sovereigns, and other market participants. For more information, visit digitalassetsdata.com
© 2019 GlobeNewswire, Inc. All Rights Reserved.