According to BlockBeats, London-based cryptocurrency accounting firm Harris and Trotter Digital Assets has announced the completion of a $10 million strategic financing round to address accounting issues faced by all Web3 projects. The funding round was led by Orbs, with participation from Kingsway Capital, RE7 Capital, and other notable individuals within the Web3 community. The financing was conducted through equity pricing, valuing Harris and Trotter Digital Assets at $85 million.
The executive team of Harris and Trotter Digital Assets has previously worked at large accounting firms such as PwC, KPMG, Deloitte, EY, and BDO, with a total team of over 45 people. CEO Nicholas Newman stated that digital assets are a rapidly developing technology field, and their needs can only be met by professional service companies with similar technical capabilities. This strategic investment aligns the company with the industry's biggest promoters and leaders, helping to further enhance technical capabilities when launching increasingly growing SAAS products and services.
This round of investment will further drive the rapid growth of Harris and Trotter Digital Assets, continuing to expand on the basis of approximately 500 existing crypto-native clients. Ran Hammer, Vice President of Business Development at Orbs, stated that Harris and Trotter Digital Assets combines professional knowledge with blockchain technology, and the team now aims to operate at the forefront of fintech, providing tools such as proof of reserves.