Crypto Risk Management Firm Cloudwall Capital Raises $6.3 Million

Cloudwall Capital has raised $6.3 million in funding from LocalGlobe and Illuminate Financial to build out crypto risk tools for institutional customers. Other investors include IA Capital Partners, Eberg Capital, and NEMO Ventures, along with angel investors from decentralized and traditional finance.

Launched in 2021, Cloudwall Capital is building the digital asset risk management platform called Serenity. In a company statement, Cloudwall pointed to the collapse of TerraUSD as why demand is growing for a product that can provide strategic risk insights.

Serenity is a cloud-based platform that aims to combine risk management with research to give investors an overview of their assets and potential. Investors will be able to pull in their portfolios and access historical data from a range of sources including centralized exchanges and blockchain data to analyze the digital asset market, including the ability to break down the entire market.

Cloudwall points to the pedigree of its executive leadership as to why the product will be a success. CEO Kyle Downey was the MD and global head of Automated Risk Trading and Quantitative Investment Strategies IT at Morgan Stanley. COO Jia Yng Wee spent 20+ years in global markets and private banking at Morgan Stanley, DB, Coutts and Nomura, covering senior operations and business management roles. Head of Research Ilya Kulyatin is a former Fintech founder and has more than a decade of quant research experience in hedge funds, asset management, and market-making.

Downey commented:

“Digital assets underwent explosive growth between 2020 and 2021, with almost five years of growth taking place overnight. Recent market gyrations have only increased the case for a digital asset platform to manage risk so that institutional investors have the tools and platforms to help manage their portfolios and risks. We’re building Serenity to do just that and we’re excited about the potential for this platform to enable more people to invest in digital assets and unlock trillions of dollars of assets on the blockchain.”

Wee added that it is becoming clearer to institutional investors that they should invest in digital assets:

“We’re building Serenity to provide this solution and supporting the careful growth of this industry. It’s incredibly rewarding to be working at the convergence of traditional finance with digital assets and there is so much potential for us to have an impact.”


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