Founded in 2017, TRM is a regulatory technology (Regtech) startup that aims to streamline compliance in the crypto industry. The seed funding will go toward scaling its engineering team and further developing its token relationship management platform.
TRM’s first product, its token relationship management platform, is designed to help crypto companies streamline their anti-money laundering (AML) compliance efforts, offering customer due diligence, transaction monitoring and customer relationship management.
Blockchain Capital – which has a portfolio that boasts names like Coinbase, Ripple, Circle and Kraken – has set up several funds seeking to invest in the blockchain and cryptocurrency space. Ripple invested$25 million-worth of XRP tokens in its Parallel IV venture fund last April
