# Trustology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/trustology

- Industry: Software
- Headquarters: London, UK
- Website: www.trustology.io
- Total disclosed funding: $8.1M
- Latest round: Seed (Nov 12, 2018)
- Investors on record: 2

## About

Trustology is a London-based firm specializing in advanced crypto custody solutions that provide institutional-grade security and compliance for managing digital assets.Founded in 2017 in London, UK, Trustology offers innovative custody solutions for digital assets. The company was acquired by Bitpanda GmbH in February 2022. The founder's previous ventures are not disclosed. Trustology has raised a total of GBP 6.220 mn, all in a single Seed funding round led by Two Sigma Ventures and including investors like ConsenSys Ventures. The company is currently valued at GBP 16.669 mn.Trustology delivers a suite of institutional-grade crypto custody solutions tailored for professional clients managing qualifying crypto assets. Their core offering includes fully insured custody services utilizing segregated hardware security modules (HSM) to ensure secure digital asset storage, compliance with regulations, and advanced features like MultiSig capabilities, unlimited on-chain verified wallets, and customizable sub-wallets. Their services are primarily targeted at financial institutions, corporations, and high-net-worth individuals across the UK, Europe, and beyond.In 2022, Trustology generated revenue of GBP 849,671.1, with an EBITDA of GBP -1,199,897.6. The revenue structure is predominantly based on B2B transactions with institutional clients, incorporating fees for custody services related to transactions, storage, and account management. Their advanced technology and security measures underpin the pricing model to meet the needs of enterprise partners.Trustology aims to enhance its market presence by launching new products and expanding into additional regions. The company plans to leverage the recent Seed funding of GBP 6.220 mn to support these initiatives. The acquisition by Bitpanda GmbH in February 2022 is expected to facilitate access to new markets and resources, bolstering their capacity to innovate and expand.

## Funding rounds

- Seed, Nov 12, 2018, $8.1M — Two Sigma Investments, ConsenSys Ventures

## Investors

- Two Sigma Investments (https://capitalatlas.ai/funds/two-sigma-investments) — Seed
- ConsenSys Ventures (https://capitalatlas.ai/funds/consensys-ventures) — Seed