According to ChainCatcher, crypto asset financial services provider SCRYPT announced the completion of a $5 million strategic financing round led by Braza Bank, with participation from venture capital firms such as Funfair Ventures, Cabrit Capital and Atlantic Labs.

SCRYPT also recently received approval from Swiss regulators to launch asset management solutions, and SCRYPT Digital Investments AG received a portfolio manager license from the Swiss Financial Market Supervisory Authority (FINMA) in July 2023.