Surus Raises $8M Seed Round and Opens Surus Trust Company to Power Onchain Finance
ASHEVILLE, N.C., Feb. 13, 2025 /PRNewswire/ -- Surus, an institutional-grade asset management and custody platform for onchain finance, announced today that it received regulatory approval from the North Carolina Commissioner of Banks to open Surus Trust Company, a wholly owned subsidiary.
Surus's mission is to accelerate and improve the onchain financial ecosystem. Powered by Surus Trust Company, the Surus platform equips builders with the tools to create, sell, and manage tokenized assets within a time-tested and regulated legal structure. The platform's offerings include fiduciary asset management services, custody for traditional and crypto native assets, brokerage and payment system connectivity, compliance tools, and multichain tokenization capabilities.
"As finance moves onchain, the market needs digitally native infrastructure that is flexible enough to support tokenized assets of all kinds within compliant, bankruptcy-remote legal structures," said Patrick Murck, founder and CEO of Surus, "We're eager to partner with the builders making the onchain future of finance a reality."
"North Carolina has been a terrific partner in creating this de novo digitally-native financial institution and we look forward to continuing our work with the North Carolina Commissioner of Banks and staff."
In Q1 2025, Surus is partnering with companies to service three lines of business:
- Reserve Management for Tokenized Assets and Stablecoins: Supporting creators of tokenized financial products and stablecoins with customizable asset reserve management and settlement services.
- Digital Asset Trusts: Enabling offchain investors to securely and transparently access onchain investment opportunities, such as owning curated digital asset portfolios or participating in DeFi ecosystems.
- End-to-End Tokenization and Custom Fiduciary Services: Working with startups and traditional firms alike to go from 0 to 1 with tokenized financial products powered by Surus's platform.
Surus completed an $8 million series seed bringing their total amount of funding raised to over $10 million. The latest financing was led by Castle Island Ventures with participation from Propel Ventures, Restive Ventures, Protagonist, Protocol VC, and Plural VC.
"The tokenization of dollars and other assets is the unambiguous killer app of blockchains so far," said Nic Carter, GP of Castle Island Ventures. "There is a distinct lack of credible regulated intermediaries in the sector, and Surus is poised to change that. I am thrilled to be backing Surus and joining the board."
For more information about Surus and its services, visit surus.io
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SOURCE Surus