Crypto Regtech Firm VerifyVASP Closes $5 Million Financing Round Led by FTX Ventures

Crypto regtech firm VerifyVASP closed a $5 million Series A round of funding at a $100 million valuation led by FTX Ventures with participation from Peak Capital and Bcharu. The funds raised will be used to attract more digital asset providers to their non-public network. Founded in 2019, VerifyVASP helps virtual asset service providers comply with anti-money laundering rules by creating a non-public network for secure data transfer, and its clients include Bybit, Deribit, Crypto.com, FTX, FTX.US and Huobi.