The funding follows regulatory approval for the Banking as a Service platform to exit mobilisation.
"This pivotal moment is only possible because of the support of our investors, the guidance from our regulators and the commitment of our people. A big thank you to all our existing investors and a warm welcome to all our new investors. We look forward to working with all our investors in this exciting new chapter for Griffin"
The seed round was led by MassMutual Ventures and will support product development for institutional crypto trading.
"We believe that a new approach to institutional crypto-asset trading infrastructure is required to unlock mass institutional adoption. With the support from our investors in this Seed round, we at IMMIX are strongly positioned to continue enabling new scalability for institutional trading activities across the entire Web3 ecosystem"
MassMutual Ventures led the Series A round to support go-to-market activities and infrastructure development.
"This funding round not only validates our mission and strategy but also equips us with the resources to continue to deliver our innovative banking solutions to more customers."