California-based SFOX, a leading cryptocurrency dealer serving traders and institutional investors, has secured $22.7 million in Series A funding.
The round was spearheaded by Tribe Capital and Social Capital, with strong backing from notable investors including Y Combinator, Khosla Ventures, DHVC, Blockchain Capital, Upside Partnership, SV Angel, Digital Currency Group (DCG), Mark Britto, and Airbnb co-founder Nathan Blecharczyk.
“The decentralized nature of cryptocurrency has led to a fragmented global market with limited liquidity,” explains SFOX CEO Akbar Thobhani. “Over the past four years, we’ve solved that challenge by creating a unified access point through our advanced routing technology, seamlessly connecting exchanges across the world.”
With this latest funding, SFOX is taking a bold step forward—evolving from a crypto dealer into a full-fledged crypto asset management platform. The company plans to build the infrastructure and financial rails necessary to power the future of digital asset investing.
This next phase includes the launch of cutting-edge products focused on security, risk management, and regulated market access.
Since its founding in 2014, SFOX has facilitated over $9 billion in transaction volume, solidifying its position as a key player in the digital asset ecosystem.