ScalableCapital

Scalable Capital raises €155M in a funding round

#ScalableCapital secures €155M in a funding round co-led by Sofina and Noteus Partners, with participation from Balderton Capital, Tencent and HV Capital. The new funding will reinforce the platform’s technology infrastructure and support the launch of family-oriented features, such as kids’ portfolios designed for parents investing in their children’s future.

Scalable Capital is a digital investment platform that offers both brokerage and digital wealth management services.

👉 techfundingnews.com/scalable-capital-lands-e155m-to-make-investing-simple-smart-and-open-to-all/

BlackRock Redefines the Digital Investment Landscape in Europe

In a notable move, BlackRock invested approximately 155 million euros in the German platform Scalable Capital, raising its market value to around 1.5 billion euros. This investment supports the platform's expansion plans in France and Italy, reflecting BlackRock's increasing belief in the digital transformation of the financial world.

At the same time, the company has expanded the reach of its digital fund BUIDL across seven blockchain networks, including Solana and Polygon, with assets amounting to about 1.7 billion dollars, relying on real assets such as U.S. bonds. These moves confirm the desire of major financial institutions to integrate traditional financial tools with modern technologies.

This trend is expected to open new horizons for traders and investors in cryptocurrencies, especially Bitcoin, and drive the market towards greater maturity and stability.

#BlackRock
$BTC
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