Gauntlet Networks, a firm specializing in digital asset risk management and optimization, has successfully secured $125 million in a Series C funding round. This capital infusion will bolster the company's efforts to scale its operations globally, particularly in the realm of institutional cryptocurrency vaults. Established in 2018, Gauntlet has carved a niche for itself within the decentralized finance (DeFi) sector by providing curated yield strategies for a diverse clientele that includes capital allocators, fintech companies, and financial institutions. Currently, the firm manages over $1.5 billion in assets across more than 150 integrations with various fintechs and institutions.
The latest funding round, led by SBI Holdings through its U.S. subsidiary, marks a significant milestone for Gauntlet, coming nearly 18 months after its previous funding, which valued the company at $1 billion. The new capital will be directed towards scaling the company’s infrastructure to enhance its role in traditional capital markets, expanding its global team, and accelerating the development of new on-chain offerings. Gauntlet's CEO, Tarun Chitra, emphasized the transformative potential of vaults in financial markets, drawing parallels to the impact of exchange-traded funds on equity participation in the U.S.
SBI Holdings' involvement is particularly noteworthy, as the firm aims to leverage Gauntlet's advanced risk management technologies to facilitate the broader adoption of digital assets. Yoshitaka Kitao, the chairman of SBI Holdings, highlighted the importance of regulatory clarity in the U.S. and expressed enthusiasm for collaborating with Gauntlet to build next-generation financial infrastructure across Asia and beyond. As the DeFi market continues to mature, Gauntlet's strategic positioning and innovative offerings could play a crucial role in shaping the future of digital asset management.
The latest funding round, led by SBI Holdings through its U.S. subsidiary, marks a significant milestone for Gauntlet, coming nearly 18 months after its previous funding, which valued the company at $1 billion. The new capital will be directed towards scaling the company’s infrastructure to enhance its role in traditional capital markets, expanding its global team, and accelerating the development of new on-chain offerings. Gauntlet's CEO, Tarun Chitra, emphasized the transformative potential of vaults in financial markets, drawing parallels to the impact of exchange-traded funds on equity participation in the U.S.
SBI Holdings' involvement is particularly noteworthy, as the firm aims to leverage Gauntlet's advanced risk management technologies to facilitate the broader adoption of digital assets. Yoshitaka Kitao, the chairman of SBI Holdings, highlighted the importance of regulatory clarity in the U.S. and expressed enthusiasm for collaborating with Gauntlet to build next-generation financial infrastructure across Asia and beyond. As the DeFi market continues to mature, Gauntlet's strategic positioning and innovative offerings could play a crucial role in shaping the future of digital asset management.
Source: PYMNTS
