Agio Ratings Raises $6 Million to Expand Crypto Risk Coverage

According to Agio Ratings’ official press release, the $6 million round led by AlbionVC, with Portage Ventures and MS&AD participating, will fund expanded risk assessments for crypto entities and traditional banks.

Summary

Agio Ratings announced that it has raised $6 million in a funding round led by AlbionVC, joined by Portage Ventures and MS&AD, bringing its total funding to $11 million. According to the official statement, the crypto risk analytics firm will use the proceeds to expand its ratings coverage across exchanges, custodians, and lenders, while developing solutions for traditional financial institutions such as banks seeking to manage digital asset exposure.

Terms & Concepts
  • Crypto Risk Analytics: The process of assessing and quantifying risks associated with entities in the cryptocurrency ecosystem, such as exchanges, custodians, and lenders.
  • Funding Round: A stage in which a company raises capital from investors to finance its operations, growth, or product expansion.