Monetary infrastructure B2B trading market AbbeyCross completed US$6.5 million in financing, with Bank of New York Mellon participating in the invest

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Cointime2024/01/09 12:10

By:Cointime

B2B trading and compliance market AbbeyCross, a currency infrastructure company, announced the completion of a new round of financing of $6.5 million. Valar Ventures led the investment, with participation from BNY Mellon, Third Prime, and Gaingels. AbbeyCross primarily collaborates with global banks, currency suppliers, and other financial service providers to eliminate inefficiencies in the currency market. They provide deeper currency liquidity, price transparency, and market data to the decentralized emerging market currency payment industry. The new funds will be used to further develop and deploy their ABX Sync innovative platform. AbbeyCross completed a $2.47 million seed round of financing in August 2022, with Third Prime leading the investment and participation from Communitas Capital and 11 strategic angel investors.

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