CertiK, a security-focused blockchain platform that analyzes and monitors protocols, has raised $88 million at $2 billion valuation from a set of investors, including Goldman Sachs, Tiger Global, Advent International, and others. The company said in a blog announcement that the latest funding round brings the total amount of investments in CertiK to $230 million.
Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world
CertiK emphasized it succeeded to increase its revenue by 12x in 2021, while its profits surged by 3,000x. Even with the temporary downturn in the crypto market, CertiK’s 2022 Q1, YoY revenue grew by 4x, the company added. Although the company did not go into detail about how it plans to use the proceeds, it noted that bridge style attacks and flash loans are trending in 2022, which is why CertiK predicts a "lot more incidents of these types this year, further fueling demand for pre-deployment code audits."
Earlier, iHodl reported that Goldman Sachs, a global investment banking giant, is set to start offering over-the-counter (OTC) cash-settled ether options "in due course," according to Andrei Kazantsev, global head of crypto trading at Goldman. Even though Goldman doesn't currently have spot crypto trading, the bank gives its clients access to European and Canadian exchange-traded products (ETPs) that can be used as a proxy, Kazantsev noted. The move comes just a few weeks after Goldman Sachs executed its first OTC crypto transaction with Galaxy Digital in the form of a bitcoin (EXANTE: Bitcoin) non-deliverable option.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange