- Asset Reality, a London-based digital asset recovery solution, completed a seed round of financing of $4.91 million, led by Framework Ventures.
- The platform will use the funding round to triple the size of its engineering team and expand its operations and growth management teams.
Asset Reality, a London-based digital asset recovery solution, completed a seed round of financing of $4.91 million, led by Framework Ventures, and participated by TechStars, SGH Capital, and Outrun Ventures founder Chris Adelsbach.
Asset Reality, which was established in April 2020 by a group of asset recovery experts and crypto investigators, has since gathered a global team with expertise in resolving some of the world’s earliest crypto asset recovery cases, including managing and liquidating the cryptocurrency in the infamous Silk Road case.
The platform is a one-stop shop for services like digital custodians, investigation services, asset management, and auditing systems. It is already in use by Web3 giants Consensys for MetaMask users, in addition to a number of other governmental and law enforcement agencies. Asset Reality enhances collaboration to recover lost or stolen digital assets, whether the user is a victim of a theft or a government team with limited resources.
Asset Reality co-founder & CEO Aidan Larkin said:
“The existing asset recovery system only recovers about 1% of criminal proceeds globally, with the emergence of digital assets adding more complexity to those efforts. Asset Reality will be the leading solution to tackle the recovery of the missing 99% and build greater trust within the crypto industry by giving victims access to much-needed solutions.”
The company was created expressly to enhance asset recovery operations in the public and private sectors. It supports victims of crypto crime and assists businesses and law enforcement agencies in more securely recovering and managing unlawfully confiscated earnings.
Asset Reality will use the funding round to triple the size of its engineering team and expand its operations and growth management teams. The platform is an end-to-end solution for complex assets, and its platform provides services and tools for public and private sector companies investigating, managing, and restoring assets.
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