Harris and Trotter Digital Assets secures $10 million in funding

Cryptocurrency accounting specialist Harris and Trotter Digital Assets said today it has raised $10 million in a new funding round that values ​​the London-based company at $85 million.

This latest financing was led by Orbs, with contributions from Kingsway Capital, RE7 Capital and well-known figures in the Web3 community.

Harris and Trotter have deep connections in the cryptocurrency industry and have worked with high-profile clients such as 1inch, Wintermute and Blockchain.com. The firm provides a full range of professional services, including auditing, consulting, accounting, bookkeeping, compliance and tax. Its expertise also extends to helping “shape regulatory frameworks and collaboration” globally, with membership in organizations such as BKR and Web3CFO.

Chief executive Nicholas Newman said: “This strategic investment aligns us with some of the most influential companies in the industry, allowing us to further grow while launching a growing suite of SAAS products and services. Our technical strength.

Ran Hammer, Vice President of Business Development at Orbs, added: “Harris and Trotter Digital Assets continue to combine their expertise with blockchain-driven technology. The team now hopes to operate at the forefront of fintech, providing tools such as proof of reserves. This is particularly interesting because Orbs' technology can be leveraged to ensure that all data is trustworthy, accurate and verifiable.

The funding will enable Harris and Trotter Digital Assets to expand their technology services and improve their SAAS offerings. The company currently serves approximately 500 cryptocurrency-native clients and expects the capital injection to help strengthen its market advantage and increase revenue.

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Harris & Trotter Digital Asset’s Proof of Reserves service is powered by Chainlink to ensure transparency of clients’ on-chain and off-chain reserves. The company joins a growing number of specialist firms working with crypto-asset providers as global regulators require them to provide detailed crypto disclosures in financial statements.

The global regulatory environment for the crypto industry is tightening, resulting in the creation of complex legal frameworks to govern the operations of entities such as exchanges, investment firms, brokers, banks and other financial players, particularly in Europe.

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