Digital asset brokerage firm Nonco has recently secured $10 million in seed capital to support its growing number of institutional clients in the United States. Led by Valor Capital Group and Hack VC, the investment aims to establish Nonco as a leading brokerage firm for digital assets. With its non-custodial model and focus on cutting-edge technology, exceptional service, and robust risk management and compliance practices, Nonco is well-positioned to meet the increasing demand for digital asset services.
The Seed Funding
Nonco’s $10 million seed funding, which includes a combination of equity and convertible notes, was led by Valor Capital Group and Hack VC. Valor Capital Group is an investment firm founded by former U.S. Comptroller of Currency Brian Brooks, while Hack VC is headed by Alex Pack, founder of Dragonfly Capital. This significant investment highlights the potential and growth prospects of Nonco in the digital asset brokerage industry.
Nonco’s Ambition and Success in Latin America
Since its launch in April, Nonco has facilitated an impressive $6 billion in trading volume in the Latin American region. This achievement has positioned Nonco as a key player in the Latin American digital asset market. With its success in this region, Nonco is now striving to expand its operations and cater to the needs of institutional clients in the United States.
Nonco’s Non-Custodial Model
Nonco operates on a non-custodial model, which means that users have control and ownership over their assets instead of relying on a third party to hold them. This model provides increased security and transparency for clients, as they can directly manage their digital assets. Nonco uses multiple risk-mitigating settlement mechanisms to ensure secure transactions, further enhancing the trust and confidence of its institutional clients.
Prioritizing Cutting-Edge Technology
At Nonco, cutting-edge technology is a top priority. The company leverages advanced tools and platforms to deliver efficient and seamless digital asset brokerage services. By adopting the latest technological advancements, Nonco aims to stay ahead of the curve and provide its clients with innovative solutions that meet their evolving needs.
Exceptional Service for Institutional Clients
Nonco understands the importance of exceptional service in the digital asset brokerage industry. The company is committed to providing its institutional clients with personalized and tailored solutions that address their specific requirements. Nonco’s team of experts is dedicated to delivering high-quality service and support, ensuring that clients receive the best possible experience when trading digital assets.
Robust Risk Management and Compliance Practices
With the increasing regulatory scrutiny in the digital asset industry, Nonco recognizes the significance of robust risk management and compliance practices. The company has implemented stringent measures to identify, assess, and prioritize risks, minimizing potential losses and optimizing opportunities for its clients. Nonco’s commitment to compliance ensures that it adheres to laws, regulations, and industry standards, providing a secure and trustworthy environment for digital asset trading.
Nonco’s Relationship with OSL
Nonco was spun off from OSL Digital Limited, the Americas division of Hong Kong-based digital asset platform OSL. Although Nonco operates as a separate entity, OSL retains a minority stake in the company and continues to support its growth. This partnership provides Nonco with access to OSL’s expertise and resources, further strengthening its position in the digital asset brokerage market.
Strategic Guidance from Industry Experts
To enhance its industry expertise, Nonco has welcomed Brian Brooks and Alex Pack to its board of directors. Both Brooks and Pack bring extensive experience in the crypto and financial sectors, which will contribute to Nonco’s strategic decision-making and vision for the future. Their involvement further solidifies Nonco’s commitment to becoming a trusted and innovative player in the digital asset brokerage industry.
Expanding Presence in the United States
With the $10 million seed funding, Nonco is well-positioned to expand its presence in the United States. The increasing demand for digital assets in the country presents significant growth opportunities for Nonco. By leveraging its expertise, cutting-edge technology, and exceptional service, Nonco aims to establish itself as a leading brokerage firm for institutional clients in the fast-growing digital asset market.
Delivering Innovative Solutions
As the demand for digital assets continues to surge globally, Nonco remains committed to delivering innovative solutions to its institutional clients. The company strives to stay at the forefront of technological advancements and industry trends. By continuously improving its services and offering tailored solutions, Nonco aims to provide its clients with the tools and support they need to navigate the evolving digital asset landscape successfully.
Conclusion
Nonco’s recent $10 million seed funding marks a significant milestone in the company’s journey to become a leading brokerage firm for digital assets. With its non-custodial model, focus on cutting-edge technology, exceptional service, and robust risk management and compliance practices, Nonco is well-positioned to meet the needs of institutional clients in the United States. As the demand for digital assets continues to grow, Nonco remains committed to delivering innovative solutions and exceptional services in the fast-paced digital asset market.
