- Digital asset financial services company BitOoda has announced it has raised $7 million in funding
BitOoda Holdings, LLC — a digital asset financial services platform that blends digital finance and applied science — announced it raised a $7 million seed round of funding. And BitOoda’s investor base was encouraged by the achievement of several industry firsts in the past year, including the design and execution of the BitOoda Difficulty financial swap, the BitOoda Hash physical hashpower contract, and growing business lines in advisory services and next-generation financial solutions.
Some of the notable investors include Dr. Gary Ross (former Head of Global Oil Analytics and Chief Energy Economist at S&P Global Platts as well as founder of PIRA Energy), Calvin Schlenker (former Head of North American Natural Gas Trading at British Petroleum), and Roy Salame (former Managing Director, Head of Global Investment Opportunities Group, and Head of Commodities Sales and Structuring at J.P. Morgan).
“I am thrilled by the explosion of interest in BitOoda’s unique business model, and the recognition of our pioneering success in bringing new, sophisticated products to the digital asset market,” said BitOoda founder and CEO Tim Kelly. “At BitOoda, we are never happy doing things in the same way as our competitors, and we are focused on creating new market sectors where we can leverage our team’s unique expertise in capital markets, physics, and engineering. We are excited about the growth opportunities this seed round will enable, and plan to position ourselves to meet the soaring demand for our innovative solutions – both here in the U.S. and increasingly across Asia and Europe.”
BitOoda’s approach to digital asset derivatives and structured products blends traditional financial expertise with digital science in a suite of advisory, product engineering, brokerage, and data products combined in a single platform. And the firm uses a strong foundation of compliance and an unrivaled regulatory stack to handle almost any digital asset.
