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 Longraised 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. 

Read more: The Block