Agio Ratings, a digital asset risk intelligence firm established in 2022, has successfully raised $6 million in new funding to accelerate its expansion within the digital asset sector’s risk management landscape. This latest capital infusion, which was led by AlbionVC with participation from Portage Ventures and MS&AD, brings Agio Ratings’ total funding to over $11 million.
The company specializes in assessing the financial stability of digital asset institutions, including exchanges, custodians, and lenders. Agio Ratings’ quantitative models are designed to address a market gap by delivering data-driven insights into counterparty risk, enabling financial institutions to evaluate default probabilities and manage exposures more effectively amidst evolving market conditions.
The new funding is earmarked for expanding Agio Ratings’ research and engineering teams. This will facilitate a broader scope for its risk ratings and enhance its capacity to support major banks as they integrate into the digital asset ecosystem. The firm has previously demonstrated the accuracy of its models, notably identifying FTX’s heightened default risk months prior to its collapse and accurately assessing Bybit’s resilience following a $1.5 billion security breach.
Alain Passini, Head of Risk at Wintermute, commented on the significance of such services: “Growing institutional participation is transforming crypto markets and creating a greater need for credible, independent risk intelligence. Agio Ratings provides a clear, data-driven view of the probability of default for exchanges and other institutions, and their alerts deliver a valuable independent signal alongside our own monitoring by flagging anomalous transaction patterns.”
Earlier this year, Agio Ratings forged a partnership with Relm Insurance to power its digital asset exchange default product. The company is currently engaged in discussions with several prominent banks across the US and Europe, aiming to assist their entry into digital asset trading, lending, and stablecoin infrastructure.
Ana De Sousa, CEO of Agio Ratings, expressed enthusiasm for the investment: “We’re thrilled to have such strong backing from leading investors who understand the massive opportunity in managing crypto risk. This funding allows us to expand our team of world-class researchers and engineers while deepening our partnerships with major financial institutions. The interest we’re seeing from top-tier banks shows that they need our independent risk insights to participate safely.”
