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Announced

Completed

10T Holdings led a $80m Series A round in Qredo.

Financials

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Transaction Value£58m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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blockchain

Private Equity

cryptocurrency

Minority

Payments / Commerce

fintech

Private

Cross Border

Completed

Venture Capital

Single Bidder

United Kingdom

Acquisition

Friendly

Synopsis

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10T Holdings, a growth equity fund that invests in private companies operating in the digital asset ecosystem, led a $80m Series A round in Qredo, a crypto infrastructure firm focused on decentralized custody, settlement and cross-chain swaps, with participation from Coinbase Ventures, Avalanche, Terra, Kingsway Capital, HOF Capital, Raptor Group and GoldenTree. “The fact we’ve won support from some of the biggest and smartest investors in crypto is a clear validation of Qredo’s long-term focus and mission. The Qredo solution provides institutions with a secure, cost-efficient, and compliant way to engage fully with digital assets and DeFi. We’re now in an excellent position to seize opportunities, take market share, and demonstrate the powerful value of decentralized custody,” Anthony Foy, Qredo CEO.

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