Crypto Risk-Monitoring Firm Solidus Labs Raises $15M

The company plans to expand its efforts into DeFi and law enforcement.

AccessTimeIconNov 5, 2021 at 2:51 p.m. UTC
Updated May 11, 2023 at 4:02 p.m. UTC

Crypto-tracking firm Solidus Labs has raised $15 million in strategic funding led by Liberty City Ventures with participation from GSR and Exor Seeds. The investment brought the firm’s total funding close to $40 million. Solidus last raised $20 million in a Series A round in May.

The New York-based firm offers machine learning–powered trade surveillance and transaction monitoring for digital assets that can detect, address and report suspicious behavior. Solidus was founded in 2018 by former Goldman Sachs bankers with a belief that compliance tools would help drive mainstream crypto adoption, including the launch of crypto exchange-traded funds (ETFs).

  • The 'Real Question' About Sam Bankman-Fried's Trial is What Happens Next: Kevin O'Leary
    The 'Real Question' About Sam Bankman-Fried's Trial is What Happens Next: Kevin O'Leary
  • How Decentralization Cultivates Community
    How Decentralization Cultivates Community
  • How Decentralized Threads Build Web3
    How Decentralized Threads Build Web3
  • Opening the World of Transactions
    Opening the World of Transactions
  • Crypto platforms were the initial customer base for Solidus Labs, but the company also has a growing segment among banks and traditional financial institutions. Solidus plans to expand into new use cases around decentralized finance (DeFi) platforms and law enforcement.

    Solidus has become popular with former regulators. The Series A round in May included participation from Commodity Futures Trading Commission (CFTC) alums Chris Giancarlo and Daniel Gorfine and former Securities and Exchange Commission (SEC) Commissioner Troy Paredes. The company recently hired former Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger as vice president of regulatory affairs.

    “The additional funding will help us shortcut some of the development roadmap to meet the demand we’re being hammered with in the DeFi space,” Solidus Labs CEO Asaf Meir told CoinDesk.

    “Solidus stands out as a unique suite of high-quality infrastructure that’s highly needed by the market at this point in time,” Richard Rosenblum, GSR co-founder and president, said to CoinDesk.


    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Brandy Betz

    Brandy covered crypto-related venture capital deals for CoinDesk.

    Read more about