Crypto Infrastructure Company PolySign Raises $53M

Crypto infrastructure company PolySign has recently raised $53M in a Series C funding round that started in the first quarter of 2022 and ended in early June.

Participants in the fundraising include hedge fund Brevan Howard Asset Management, Cowen Digital, market maker trading company GSR as well as the crypto arm of investment bank Cowen.

PolySign has also received a $25 million loan from private equity firm Boathouse Capital.

The CEO of the company, Jack McDonald, has noted that the amount of funds raised has exceeded what was originally planned.

He has added:

“We are confident in the prospects of our business, so we did not want to share a larger share of capital with investors.”