Cion Digital Blockchain interoperability platform raises 12 million USD

Commenting on the investment Simon Yoo, Founder and Managing Partner of Green Visor Capital said, "We are excited to partner with this uniquely qualified team on their mission to help businesses grow by being able to seamlessly connect to the evolving digital asset economy.”

“Cion Digital Co-Founders Snehal Fulzele, Fred Brothers and Arpit Agrawal have deep knowledge and experience in both traditional finance and the rapidly-growing blockchain and crypto sectors, as well as a track record of building successful FinTech companies,” said Nnamdi Okike,Co-Founder & Managing of Partner 645 Ventures. “We are very impressed by the platform’s technological innovations that will enable traditional businesses to deploy and benefit from crypto-based payments solutions previously unavailable to them.”

“Established businesses are struggling to understand crypto and decide when and how to embrace it. It’s a significant challenge to quickly and effectively embed crypto in their legacy products and services”, said Fred Brothers, Co-Founder and President of Cion Digital. “Without Cion Digital’s Blockchain Orchestration Platform, existing businesses can take months or years - and spend significant up-front investment - to gain knowledge, acquire resources, and begin delivering crypto solutions. Since the crypto ecosystem is evolving so fast, without the right help and expertise it’s like trying to hit a moving target.”

“It has always been a passion of mine to be able to make financial services more inclusive,” said Snehal Fulzele, Founder and CEO of Cion Digital. “Connecting traditional business to blockchain technology allows us to do this by creating a way for people with assets held outside of traditional banking relationships to grow their portfolios and borrow against those assets when they otherwise would be unable to.”

Cion Digital is currently working with leading FinTech Lenders, Big Ticket Retailers, Financial Advisory Firms and traditional financial institutions across North America, Europe and Australia to deliver crypto financing and payment solutions, and to expand its offering to deliver DeFi-as-a-service to various traditional industry verticals such as Payroll Processors.

To meet demand, Cion Digital is planning an R&D Center to be based out of Pune, India. The firm is in the midst of a recruitment drive throughout India to add to the firm’s team of talented engineers -- all of whom will be afforded the permanent ability to work-from-home.