Apricot said it intends to use its newly raised capital to support the rollout of its flagship services.
Led by Acorns alums, Hedgehog will use the fresh $1.6 million to build a robo-advisor for cryptocurrency investing.
The Series B round values Adam Back's Bitcoin technology firm at $3.2 billion.
The blockchain infrastructure platform is betting on the "proof-of-stake" model.
Funding will go toward expanding the firm's fiat currency portfolio, acquiring additional licenses and furthering partnerships.
Funding will also go toward external communication campaigns and to build out Chainflip’s products and team.
The company has now raised more than $70 million.
The funding round included participation from Anchorage Digital, Galaxy Digital, and 10T Ventures.
The Chicago-based trading desk said revenue has grown by 30 times, year over year.
Funding will go toward hiring efforts, improving Pintu's market position, undertaking educational campaigns and delivering new products.
BlockTower Capital, Andreessen Horowitz (a16z) and Alameda Research led the round by purchasing TRU, TrueFi’s native token.
Aspen aims to offer digital asset management to institutional and sophisticated investors.
Funding will go toward furthering research for its product offerings while enhancing the platform's user experience.