Digital asset bank Custodia raises $7 million
State-chartered digital asset bank Custodia, formerly known as Avanti, has raised $7 million, according to a filing submitted to the Securities and Exchange Commission.
The startup, which was founded in 2020 by Wall Street veteran Caitlin Long, raised a $37 million Series A round in March of last year. Its backers include Binance.US, Coinbase Ventures and Lemniscap.
The startup’s total funding now amounts to $51 million.
