Makor Capital Raises $17M in Series A Funding to Grow Brokerage Platform Enigma
The round valued Makor at $200 million and was joined by blockchain company Algorand and billionaire hedge fund manager Alan Howard.
Oct 13, 2021 at 3:11 p.m. UTCUpdated May 11, 2023 at 4:02 p.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/MHQ5PS3U5NBZZBDNA24DH4ORCA.jpg)
Makor Capital, a brokerage and investment banking group, raised $17 million in Series A funding to grow Enigma Securities, its digital asset brokerage.
- The round valued London-based Makor at $200 million and was joined by blockchain company Algorand and billionaire hedge fund manager Alan Howard.
- Algorand CEO Steven Kokinos will join the company’s board of directors.
- Makor’s digital asset brokerage, Enigma Securities, has a monthly trading volume of $2 billion, according to an announcement Wednesday.
- Alan Howard has made numerous investments in crypto firms in recent months, following the news in April that Brevan Howard, the hedge fund he co-founded, was allocating 1.5% of its main $5.6 billion fund directly to cryptocurrency.
- Howard led a $25 million extension of crypto custodian Copper’s Series B funding round in June and also participated in derivatives exchange FTX’s mammoth $900 million Series B round in July.
00:57
What Do EigenLayer's Outflows of $2.3B Signal?
04:20
What Do TradFi Crypto Moves Mean for Decentralization?
02:02
Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
00:53
Ether Slides as Grayscale's ETHE Outflows Ramp Up
:format(webp)/s3.amazonaws.com/arc-authors/coindesk/008ae87f-5c6e-412b-816b-ded600ac5054.png)
Jamie Crawley is a CoinDesk news reporter based in London.