Market surveillance entity Solidus Labs reportedly secured $15 million via a strategic fundraising led by Liberty City Ventures on November 5th. 

Specifically, the freshly closed funding round – which saw additional participation from GSR and Exor Seeds – reportedly followed the successful Series A funding that took place in May, which helped the firm reel in $20 million. 

Solidus’ investors also include former CFTC Chair Christopher Giancarlo and former SEC commissioner Troy Paredes. 

The firm reportedly welcomed former CFPB Director Kathy Kraninger to take up the Vice President of Regulatory affairs role back in July this year. 

“This strategic round will allow us to serve more clients sooner and address many new use-cases in the DeFi and NFT risk frontiers, which require Solidus’ unique combination of crypto know-how and expertise in traditional trading dynamics and manipulation typologies.” Head of Solidus – Asaf Meir – further remarked. 

“Solidus was prescient in developing the necessary tools for market surveillance and risk monitoring that traditional financial firms and regulators require as they increase their participation in crypto asset markets.” Liberty City Ventures Partner Emil Woods additionally disclosed details regarding Solidus’ development. 

Solidus reportedly disclosed its initial $3 million raise two years ago, Giancarlo issued a warning in June regarding his belief that the U.S. risks turning itself into a backwater nation having no central bank digital currency.