Nonco, an institutional digital asset brokerage firm, has recently concluded its seed round, securing an impressive $10 million in aggregate new capital. Led by Valor Capital Group and Hack VC, this funding signals a significant milestone for the company, which has already executed close to $6 billion in trading volume since its launch in April. In this blog post, we’ll explore the key details of Nonco’s seed round and what it means for the company’s future.
About Nonco
Nonco, derived from ‘nonconformist,’ is on a mission to redefine the digital asset brokerage landscape. The company aims to establish itself as the leading brokerage firm for digital assets by prioritizing technology, service, and institutional risk management and compliance.
With a unique non-custodial approach, Nonco combines cutting-edge technology with exceptional service for institutions, corporates, and ECP’s. Its product range includes spot, funding, derivatives, and structured products.
About the Funding
The seed round, totaling $10 million, consisted of a combination of equity and convertible notes. Valor Capital Group and Hack VC led the round, with participation from prominent investors such as Morgan Creek Digital, Bullish, CMCC, Lvna Capital, Theta Capital, Bastion Trading, Libra Capital Ventures, and others. This capital injection will be instrumental in fueling Nonco’s growth and meeting the increasing institutional demand in the Americas.
Board Members and Leadership
With the successful conclusion of the seed round, Nonco welcomes Brian Brooks of Valor Capital Group and Alex Pack of Hack VC as board members. These visionary leaders bring extensive experience in digital assets, with Brian Brooks notably recognized as the “first fintech Comptroller” and Alex Pack having played a pivotal role in launching the crypto practice at Bain Capital Ventures.
The leadership team at Nonco boasts a wealth of experience across both crypto and traditional finance, led by CEO Fernando Martinez, former Managing Director at OSL. Other key team members include CTO Caue Teixeira, Partner and Head of Strategy Guilherme Rebane, and Managing Director and Head of U.S. Jeffrey Howard. This diverse and experienced team positions Nonco for success in navigating the evolving landscape of digital assets.
Conclusion
Nonco‘s successful seed round marks a significant step toward achieving its goal of becoming a top digital asset brokerage globally. With a commitment to innovation, technology, and service, Nonco is well-positioned to capitalize on the rising institutional interest in digital assets.
FAQs
What sets Nonco apart in the competitive digital asset brokerage market?
Nonco distinguishes itself through its non-custodial approach, cutting-edge technology, and a commitment to institutional risk management and compliance. The leadership team’s extensive experience further enhances its competitive edge.
How will Nonco utilize the $10 million in funding?
The seed capital will be used to support Nonco’s growth and meet the growing institutional demand in the Americas, reinforcing its position as a leading digital asset brokerage.
What regions does Nonco serve, and where are its offices located?
Nonco has a global presence with offices in Miami, Mexico City, London, and São Paulo. The company is strategically positioned to cater to institutional clients across different regions.
