Yesterday blockchain analytics provider Coin Metrics announced that it has raised $35 million in a Series C funding round. The round was led by investment bank BNY Mellon and venture capital firm Acrew Capital.
BNY Mellon is the world’s largest conventional custodian and last week it became the primary custodian for Circle’s USDC stablecoin. This came after BNY Mellon announced in February that it had created a Digital Assets unit.
Goldman Sachs and Fidelity Investments also participated in the Coin Metrics Series C funding round, continuing their investments in the company after taking part in earlier rounds.
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