PolySign, a fintech and blockchain firm, has raised $53 million in a Series C funding round with participation from Cowen Digital, Brevan Howard, GSR, and others. In addition to the funding round, private equity firm Boathouse Capital has granted PolySign a $25 million credit facility. Through its subsidiary Standard Custody & Trust Company, PolySign offers institutional-grade infrastructure for investors. Additionally, it manages funds through its recent acquisition of MG Stover. The firm intends to use the funds to support its “net hiring mode” by hiring people from traditional finance, and boosting its headcount from its present 165 full-time employees by 20 to 30 percent.
Fintech Firm PolySign Raises $53M to Expand Staff