Lumina Launches to Bridge Gap between Traditional Finance and Crypto

Announces $4M in seed funding led by Craft Ventures with Bain Capital Ventures and Dragonfly Capital

SAN FRANCISCO, Oct. 02, 2018 (GLOBE NEWSWIRE) -- Today, Lumina, a digital assets prime dealer and financial platform, announced the launch of its service as well as its Series Seed $4M funding. Created to accelerate the mass adoption of digital assets by bridging the gap between traditional finance and crypto, Lumina’s best-of-breed infrastructure and tooling lowers obstacles for larger investments.

Lumina helps family offices and hedge funds around the world gain exposure to cryptocurrencies and digital assets. Unlike trading with individual exchanges or over-the-counter desks, Lumina provides multi-venue, direct market access with smart order routing. Maximizing compliant liquidity, Lumina’s technology gives clients the best possible trade execution with unprecedented transparency.

“Crypto investing has been very cumbersome for institutions. Accounting for tax lots, managing wallets, dealing with random airdrops and simple portfolio tracking have all been massively time consuming,” said Brian Murray, an investor with Craft Ventures. “Lumina solves all that with one secure, reliable, and efficient platform. Now I can spend my time creating value, not counting it.”

Lumina’s institutional-grade front-to-back office tools are designed specifically for digital assets. Investment managers can visualize holdings, track performance, assess risk, build reports and dashboards to streamline operations and make informed decisions. Lumina works with exchanges like Coinbase and OkCoin, secure wallet and custody solutions like BitGo, and token issuance platforms like Harbor.

"To make cryptocurrencies accessible and viable for institutional investors, we need innovative companies to attack specific pain points," said Ben Chan, CTO of BitGo. "Based on conversations with our clients, we think Lumina can solve a major workflow issue.”

About Lumina

Lumina is a digital assets prime dealer and financial platform for hedge funds and family offices. Created to accelerate the mass adoption of digital assets by bridging the gap between traditional finance and crypto, Lumina’s best-of-breed infrastructure and tooling lowers obstacles for larger investments. Serving customers from Asia, Europe, and North America, Lumina’s interface is available in Chinese and English. Lumina is backed by top venture capitalists from Silicon Valley and China including Craft Ventures, Dragonfly Capital Partners, Bo Feng’s VC firm and Bain Capital Ventures. Learn more at www.lumina.app.

Chen Fang
[email protected]
+1 646 867 0725

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