Former Citadel Securities leaders, Leonard Lancia and Alex Casimo, announced on Thursday, September 15, that they have launched a new tech company, Portofino Technologies, and have raised over $50M (approximately €50M) in equity funding from Valar Ventures, Global Founders Capital, and Coatue Management.
Originally established in 2021, Portofino is building financial infrastructure technology to power digital asset adoption.
Founder Alex Casimo, says, “Only the firms with market-leading technology will be able to realise the enormous opportunities available in the growing Web3 ecosystem. That’s why we decided to build Portofino as a tech company, not a trading firm.”
Every activity in Web3 is a transaction, and Portofino gives organisations and Web3 initiatives the infrastructure and liquidity they require to carry out transactions throughout the whole digital asset ecosystem.