Crypto Asset Financial Service Provider SCRYPT Secures $5 Million in Strategic Financing

According to Odaily, SCRYPT, a provider of financial services for crypto assets, has announced the completion of a $5 million strategic financing round. The round was led by Braza Bank, with participation from venture capital firms such as Funfair Ventures, Cabrit Capital, and Atlantic Labs. In addition to the funding, SCRYPT has recently received approval from Swiss regulators to launch asset management solutions. SCRYPT Digital Investments AG was granted an investment portfolio manager license by the Swiss Financial Market Supervisory Authority (FINMA) in July 2023. This license will enable SCRYPT to expand its services and provide more comprehensive financial solutions in the crypto asset sector.