Copy link
Increase text size
Decrease text size
Link copied

Fidelity Investments, Castle Island Ventures back blockchain analytics startup Coin Metrics

Thu, 28 Feb 2019, 05:24 am UTC

Coin Metrics, a Cambridge-based blockchain analytics startup, has raised $1.9 million in a seed funding round led by Castle Island Ventures.

The funding round also drew support from Fidelity Investments, Highland Capital Partners and Dragonfly Capital.

Founded in 2017, Coin Metrics provides transparent and actionable cryptoasset market and network data to various industry stakeholders including financial enterprises, funds, media and research outlets, and data/application providers. It aims to empower its clients and the public to better understand, value, use, and engage with blockchain based assets.

“Coin Metrics, Inc., delivers transparent and actionable data to various industry stakeholders,” Fidelity said in an online post. “We applaud their achievements and look forward to working alongside their talented team to interpret cryptoassets market and network data.”

Nic Carter and Aleksei Nokhrin founded Coin Metrics as an open source blockchain network data and analytics project. The company was incorporated in August 2018 and in November, Tim Rice joined as co-founding CEO.

Rice has previously held executive positions at Tradeweb, Moneyline Telerate, Thomson Reuters and Markit (now Markit IHS) and spent the past two years at ConsenSys where he gained invaluable insights into bridging the gap between crypto and traditional capital markets.

"All of our investors are bought into the idea that the next phase of cryptoasset investing requires robust comprehensive data and infrastructure. Having this premier group as investors is a great vote of confidence," Rice said.

“Coin Metrics is leveraging its groundbreaking work in on-chain network data by deploying the same rigor to exchange market data supported by a state-of-the-art data collection and delivery infrastructure."

Rice explained that the company will use the guiding principles from the IOSCO Benchmark for Financial Benchmarks for aggregating cryptoasset market data.

" We intend to bridge the wild west crypto market data world by translating fair value measurements, similar to FASB 157, meant to provide a credible confidence level assessment of fair value pricing for any particular market," Rice added.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Blessed
  • 2022.05.25 21:53:03
Are you looking for a profitable investment where you can start with a little amount and earn a reasonable profit within a short period of time?. I never believed in any online investment because I was scared and never wanted to be cheated, until I saw a review about Mr Pablo Martinez. He's a Forex/Crypto trading account manager who can help you manage your trading account with his trading strategies and winning signals. I started with an investment of $500 and earned a profit of $6,650 within 7 days. I now earn quite a lot on a weekly basis and I owe everything to Mr Pablo Martinez. Thank you Mr Pablo Martinez for turning my financial life around, and I will keep recommending your good works. If you want to invest in Stock, Binary options and Forex/Crypto trading, kindly contact Mr Pablo Martinez and you'll be glad you did. There are no hidden charges.

Contact Mr Pablo Martinez through

E-mail: [email protected]

WhatsApp: +44 7520 636249

Facebook: https://www.facebook.com/PM-Fast-Trade-104912912155335/
  • 0
  • ·
  • 0
More
  • Bitcoin (btc) $28,804.00 (-0.80%)
  • Ethereum (eth) $1,755.93 (-1.61%)
  • USD Coin (usdc) $1.00 (+0.05%)
  • BNB (bnb) $300.26 (-0.13%)
  • XRP (xrp) $0.384248 (-2.83%)
  • Bitcoin (btc) $28,804.00 (-0.80%)
Jul 15, 2021 (Thursday)
13:30
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
12:06
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
10:25
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
02:13
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
02:00
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
09:03
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
02:30
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
02:30
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
21:31
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
06:17
SOBA Listed On LATOKEN
02:30
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.