BitOoda, a Boston, MA-based digital asset investment platform provider, closed its first phase of its Series A funding.
The round, whose amount was not disclosed, was led by RWE Energy Transition Investments.
The company intends to use the funds to accelerate the expansion of capital markets solutions for institutional clients, including investment banking, bespoke structured products, spot and derivatives brokerage, research, and advisory services, grow its regulatory posture and its team to pursue opportunities surrounding the commoditization of high performance compute, tokenization and zero knowledge infrastructure.
Led by CEO Tim Kelly, BitOoda Holdings is a provider of digital asset financial services firm specializing in commoditization and risk management solutions for the high performance compute sector. The company is regulated by the SEC, the CFTC, and the NY DFS: its subsidiaries include BitOoda Digital LLC, which holds a NY DFS Virtual Currency License; BitOoda Technologies LLC, an SEC/FINRA-registered Broker-Dealer specifically authorized to transact in Digital Securities; and Ooda Commodities LLC, a CFTC/NFA-registered Introducing Broker.