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Portofino Technologies Raises US$50M to Scale Its HFT Crypto Infrastructure

Digital asset trading technology provider Portofino Technologies has raised over US$50 million in equity funding from Valar Ventures, Global Founders Capital and Coatue to scale its technology across the full crypto infrastructure value chain.

The company, founded by former Citadel Securities executives Leonard Lancia and Alex Casimo, builds high-frequency trading (HFT) grade technology for institutions and Web3 projects that require digital asset liquidity.

Portofino says that it has traded billions of dollars across centralized and decentralized cryptocurrency venues and hired a team of 35 HFT specialists globally in the past year.

Portofino Technologies Raises US$50M to Scale Its HFT Crypto Infrastructure

Leonard Lancia, CEO and Founder at Portofino said:

“This is only the start for Portofino. In Web3, every action is a transaction and we’re building the underlying technology that is going to enable entirely new services and industries in the future.”

James Fitzgerald, Founding Partner at Valar Ventures said:

“As the digital assets market continues to grow rapidly in size and complexity, Portofino’s proprietary technology, which enables the frictionless transfer of digital assets, will become more and more important for institutional and retail participants in the space.”

Portofino Technologies Raises US$50M to Scale Its HFT Crypto Infrastructure
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Fintechnews Switzerland
Fintech News Switzerland provides a source of timely, deep insights and the latest local and global news about Fintech. Launched in 2014, the Fintech News Network team works very hard to deliver fintech-centric content in various forms to an audience looking for updates on fintech events and webinars, stunning opinions from highly-reputable digital finance innovators, analysis on fintech applications from active insiders, breaking news on fintech topics and fintech market alerts.
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