An unknown sum was secured in Series A investment by Los Angeles, California-based Alphaledger, a supplier of blockchain technology for fixed income instruments.
Investors
- EJF Ventures
- EJF Capital
- KDX
- strategic investors
Use of funds
The funds will be used by the firm to assist the ongoing adoption of its blockchain platform, which is centered on asset origination and the development of autonomous clearing, as well as to expedite product development and extend its presence.
“We are thrilled to partner with Tradeweb as we continue to nurture the evolution of our markets and to have the backing of such esteemed investors as EJF Capital and KDX. Their combined knowledge in global markets, technology, and financial services will be very helpful as we grow our platform and enable capital markets players to fully benefit from blockchain technology.”
Manish Dutta
Additionally, Alphaledger announced a new business partnership with Tradeweb Markets to work together on developing new products using its blockchain technology. This move is part of the company’s ongoing efforts to provide technology that expands the market infrastructure.
About Alphaledger
In 2019, Manish Dutta, Tammie Arnold, and Chris Wade—a consultant to PIMCO—founded Alphaledger, a blockchain infrastructure provider for fixed income assets with an emphasis on origination and the advancement of autonomous clearing. By using blockchain technology, its platform is intended to simplify the whole lifespan of financial assets, from origination to settlement.
