Digital Asset Brokerage Firm Nonco Raises $10M Seed Funding Led by Valor Capital, Hack VC
Summary
Digital asset brokerage firm Nonco has raised $10 million in seed funding to cater to its increasing institutional clients in the U.S. The round, a mix of equity and convertible notes, saw contributions from Valor Capital Group and Hack VC, led by former U.S. Comptroller of Currency and Binance.US CEO Brian Brooks and Dragonfly Capital’s ex-co-founder Alex Pack, respectively. Nonco was bifurcated from the Americas division of Hong Kong's OSL Digital Limited and has processed $6 billion in volume in the Americas since launching in April. To meet the advancing demand, Nonco aims to become the leading brokerage firm for digital assets, with Brooks and Pack joining the company's board.
