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Coatue-backed market maker Portofino secures Swiss regulatory approval

DealsMarch 30, 2023, 9:00AM EDT
Coatue-backed market maker Portofino secures Swiss regulatory approval

Quick Take

  • Portofino Technologies, a crypto marker maker founded by former Citadel Securities executives, has procured a regulatory ruling that enables it to carry out OTC transactions through its Swiss entity. 
  • Founded in the second quarter of 2021, Portofino raised $50 million in funding from Valar Ventures, Global Founders Capital and Coatue in September 2022. 
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Quick Take

  • Portofino Technologies, a crypto marker maker founded by former Citadel Securities executives, has procured a regulatory ruling that enables it to carry out OTC transactions through its Swiss entity. 
  • Founded in the second quarter of 2021, Portofino raised $50 million in funding from Valar Ventures, Global Founders Capital and Coatue in September 2022.