Crypto IRA platform iTrustCapital closes $125M financing led by Left Lane Capital

colbert@newsletter.paragraph.com (Colbert) — Thu, 20 Jan 2022 09:06:17 GMT

On January 19, the encrypted IRA platform iTrustCapital completed a $125 million Series A financing at a valuation of $3.1 billion. This round of financing was led by Left Lane Capital. Other specific financing information has not been disclosed. Funds from this round of financing will be used to develop new products, such as staking governance tokens, and explore more acquisition opportunities. iTrustCapital is a platform that allows users to buy cryptocurrencies through an Individual Retirement Account (IRA) with custodial partners Coinbase Custody and Fireblocks. Since its launch, the platform has created more than 120,000 new accounts and has more than 25,000 monthly active users, said Kevin Maloney, senior vice president of iTrustCapital.