Licensed digital asset custodian Atato announced today that it has raised a total of $6 million in its Series A funding round co-led by AlphaLab Capital and FEBE Ventures.
The company, which offers MPC custodial solution aimed at corporates and institutions, said the funding round was also participated by Tom Trowbridge, NGC Ventures, January Capital, Babel Finance, and Atato’s seed investor SOSV.
“The fact that we’ve inspired investor confidence in the current market conditions is a clear endorsement of Atato’s long-term roadmap and vision,” said Guillaume Le Saint, Atato Founder & CEO.
Atato’s MPC institutional grade custodial product provides institutions and entities with an extremely cost-efficient solution with enterprise-grade security and regulatory compliance that supports digital assets as well as interact with Web3.0 and DeFi.
“Our product offerings are well-placed to deliver value to an underserved market segment that desires to explore decentralized finance using Atato’s special custodial solution,” Le Saint added.
Atato’s Series A funds raised are committed to further expand Atato’s product offerings and fast-track completion of existing beta-development products. This includes retail development, user growth, geographic expansion, and talent acquisition. Atato’s headcount has nearly tripled in 3 years of development.
Atato is a cryptocurrency custody and wallets provider. Its apps let individuals and businesses securely store, transact, and manage digital assets, as well as access DeFi, NFTs, and all decentralized applications. Its mission is to enable the next 100 million blockchain users. Based in Singapore, founded in 2018, Atato has delivered several flagship blockchain projects in Southeast Asia.
“We believe that the market has matured to a certain level as such that Atato’s services are not only desired but required in the current market. As a blockchain security provider – we recognize the need for users to add their own tokens or chains to their wallet regardless of volume or adoption – clients involved in our beta were able to add any token in 1 click – something that was impossible previously,” said Maxime Paul, co-founder of Atato.