Nonco, a digital asset brokerage firm, has successfully raised over $10 million in seed funding. The company aims to become the leading brokerage firm for digital assets by prioritizing technology, service, and institutional risk management. The funding round was led by former US Comptroller of the Currency Brian Brooks and Hack VC. Other participants included crypto-related companies such as Libra Capital Ventures and Morgan Creek Digital. Nonco, a spinoff of OSL, a Hong Kong-based digital asset platform, operates in various locations including London, Miami, Mexico City, and São Paulo. The Latin American market has shown strong grassroots adoption of cryptocurrencies, with countries like Brazil and Mexico ranking high in global crypto adoption. Nonco's capital raise coincides with El Salvador's announcement of the "Freedom Visa" program, which offers visas to investors in Tether and Bitcoin. The firm is foreseeing increased interest from the US market, which holds a significant share of global crypto transaction activity.
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