Led by AlphaLab Capital and FEBE Ventures, Atato’s Series A included high-profile investors such as Tom TrowbridgeNGC Ventures, January Capital, Babel Finance and Atato’s seed investor SOSV.
“The fact that we have inspired investor confidence in current market conditions is a clear endorsement of Atato’s roadmap and long-term vision,” said William the SaintFounder and CEO of Atato. “Atato’s institutional-grade MPC custodial product provides institutions and entities with a highly cost-effective solution with enterprise-grade security and regulatory compliance that supports digital assets and interoperates with Web3.0 and DeFi. Our offerings are well positioned to provide value to an underserved market segment that wants to explore decentralized finance using Atato’s Special Custody solution.”
Atato’s fully regulated custody solution goes beyond enabling institutions to securely manage their digital assets by combining enterprise-grade security with MPC technology and customizable roles and transaction policies. This reduces the traditional risk of private management of the seed/keyphrase and addresses the risk of failure or human misconduct.
“We are impressed with Atato’s user-friendly integration and user interface, which also gives power users access to the API – a unique feature in the market,” said Michal KrasnodebskiCOO of AlphaLab Capital“Bring Your Own Chain will also be transformative for institutional clients willing to engage and support new chains and projects.”
Atato’s regulatory advantage and unique service offerings for an MPC custody solution are a game-changer for securing and transacting digital assets. As more companies seek to expand their services into crypto – but hesitate due to the lack of available infrastructure, the timely emergence of Atato truly addresses a pressing market need with a solution that simplifies the management and security of their digital assets.
As the world’s first custodian to offer services such as Bring Your Own Chain / Bring Your Own Token capabilities, Atato’s strategic investors are already involved in development trials by inviting their clients to integrate their projects with Atato. This is also reinforced by Atato’s attractive fee model, which is a fixed fee based on the number of portfolios, instead of the usual AUM (assets under management) and transactional percentage fees.
“We believe the market has reached a certain level of maturity such that Atato’s services are not only desired but required in today’s market. As a blockchain security provider, we recognize the need for users to add their own tokens or chains to their wallet regardless of volume or adoption – customers involved in our beta were able to add any token in 1 click – which was previously impossible,” said Max PaulCo-founder of Atato.
“In bear markets, crypto adoption evolves through infrastructure development,” Maxime said. “We see well-funded projects with strong fundamentals continuing to grow throughout this period – Atato will continue to support their development with our resources and technology.”
Speaking on occasion, Olivier Raussin of FEBE Venturessaid, “With nearly a decade of blockchain experience, Atato’s founders have been consistent and have a clear, deliverable track record that inspires confidence. We are pleased to support Atato’s growth in its beginnings.”
The Atato Series A funds raised are intended to further expand Atato’s product offerings and accelerate the completion of existing beta development products. This includes retail development, user growth, geographic expansion and talent acquisition. Atato’s workforce has almost tripled in 3 years of development.
The full group of investors includes: AlphaLab Capital, FEBE Ventures, Babel Finance, NGC Metaverse Ventures, NFT1, Huashan Capital, Tom TrowbridgeWing Vasiksiri, January Capital, as well as SOSV, and prominent angel investors such as Dan Bertoli and others in the gaming and financial services industry.
Atato is a cryptocurrency custody and wallet provider. Our apps allow individuals and businesses to securely store, transact and manage digital assets, as well as access DeFi, NFTs and all decentralized applications. Our mission is to enable the next 100 million blockchain users. Situated at Singaporefounded in 2018, atato has delivered several flagship blockchain projects in South East Asia.
Investor and partner relations
Max PaulCo-founder and Partnerships
Charles TanMarketing Director