Stratiphy opens public raise after £302,571 early backing
The FCA-authorised platform says the funding will support products, hiring, customer acquisition and new ISA and pension capabilities.
By Rafael Ortiz · Fintech Correspondent
· 2 min read
Stratiphy has opened a public funding round after securing £302,571 from 72 investors before the wider launch, the FCA-authorised investment platform said. The company said the early commitments took the raise beyond its target on the first day, signalling investor demand for regulated crypto exposure within mainstream investment accounts.
The fundraising follows Stratiphy’s rollout of crypto exchange-traded notes, or cETNs, in partnership with 21shares. According to Stratiphy, it is currently the only UK platform offering cETNs inside an Innovative Finance ISA, a structure that the company says gives retail investors a regulated and tax-efficient way to gain crypto exposure.
Exchange-traded notes are listed debt instruments that track the performance of an underlying asset or index. In Stratiphy’s case, the relevant products provide exposure to crypto assets through notes available on its platform rather than through direct ownership of tokens. The company said placing those instruments inside an Innovative Finance ISA allows crypto exposure to sit within a regulated wrapper alongside other holdings on the same platform.
Stratiphy said proceeds from the public round will be used across four areas: expanding its product set, increasing headcount, acquiring customers and developing additional wrapper and pension capabilities. The company did not disclose the total amount it is seeking in the round.
Daniel Gold, Stratiphy’s chief executive and co-founder, said crypto investing has historically been treated as a separate category requiring a separate investment route. He said the company has built its platform so that a tax-efficient, FCA-regulated path into crypto can sit beside the rest of a user’s portfolio.
Gold said raising more than £300,000 from 72 investors and entering overfunding on the launch day showed demand for crypto exposure delivered through regulated and tax-efficient structures. He added that the fundraising would allow Stratiphy to broaden the product, expand the team and bring more regulated wrappers to market.
The round is open to the public through Republic Europe, Stratiphy said. The announcement places the company in a UK market where retail access to crypto-related products remains closely tied to regulatory permissions, platform structure and the type of account through which investors hold exposure.
Stratiphy has positioned the cETN launch as part of a broader effort to integrate crypto-linked products into established investment channels. The company’s statement did not provide terms for the fundraising, the valuation implied by the round or a timetable for closing it.
This story draws on original reporting from Finextra Research.