Crypto compliance startup TRM raises $1.7M

posted 5 months ago
Venture capital firm Blockchain Capital led a $1.7 million seed round for San Francisco-based crypto compliance startup TRM Labs. TRM said other participating investors included Tapas Capital, Green D Ventures and The MBA Fund.

Founded in 2017, TRM is a regulatory technology startup that aims to streamline compliance in the crypto industry. The seed funding will go toward scaling its engineering team and further developing its token relationship management platform, it said. “We believe that cryptocurrency is going to be a democratizing force in the world that lets anyone exchange value and access financial services. But to get there, we need to make it easier for everyone to be compliant,” said TRM CEO and co-founder Esteban Castaño.
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