Wall Street continues moving into supporting the digital asset class with $3MM in seed funding to Soldius Labs, a machine learning and AI powered trade surveillance platform for digital assets. Founded by former Goldman Sachs fintech engineers, the company aims to provide a more modern system for surveillance of crypto assets trading due to the technical nature of the asset class.
Chief Executive Officer, Asaf Meir stated: “Our machine learning powered surveillance system is able to continuously learn as new patterns emerge and reveal new manipulation schemes or openings for manipulation…It enables responding as things happen rather than retroactively.”
Soldius has already implemented the system globally in Europe, Israel and the United States and claims to have reduced “trade manipulation false positives by 30%.”
The fundraising comes from early stage investment firm Hanaco Ventures and VC firm Global Founders Capital along with private Wall Street investors David Krell and Norman Sorensen.