Banking platform LevelField is raising $50 million, secures first acquisition

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Banking platform LevelField is raising $50 million, secures first acquisition
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LevelField, a financial services firm that melds traditional banking and digital assets, is raising $50 million.

The banking platform also is in the process of raising $50 million, according to an SEC filing.

LevelField is a financial services firm that aims to meld traditional banking and digital asset products into one trusted platform. The terms of the deal were not disclosed, and the acquisition is still subject to regulatory approval, the release said.Founded by banking veteran Gene Grant II in 2018, LevelField is only now rolling out its first features with its digital asset trading and custody platform launching in September, the release said.

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