AlphaPoint, a fintech startup helping institutions launch trading platforms and tokenize assets with blockchain technology, has raised $15 million in a Series A funding round from Galaxy Digital Ventures LLC, a venture investment firm founded by Michael Novogratz.

In addition to the investment, Galaxy Digital Ventures Managing Director, Greg Wasserman, will be joining AlphaPoint’s Board of Directors.

“We are in the early stages of a fundamental transformation in financial markets due to the digitization of assets. This transformation started with currencies but is now changing the way we look at commodities, real estate, art, and other traditional and emerging asset classes. We are excited to partner with AlphaPoint as we continue to help drive this revolutionary change in digital markets,” said Mike Novogratz, CEO and Founder of Galaxy Digital Ventures.

The company said that it will use the funding to further accelerate the already rapid global growth.

“We are delighted to have Galaxy Digital Ventures as a strategic investor who shares our vision to unlock the value of illiquid assets for a wider audience of investors and traders,” said Salil Donde, AlphaPoint Chief Executive Officer. “This investment allows us to continue our focus on our customers’ success.”

Founded in 2013, AlphaPoint provides proven, secure, and scalable blockchain infrastructure for asset digitization and trading for institutions. Its proprietary distributed ledger technology enables the creation and support of cryptocurrency exchanges and the tokenization of assets like commodities, luxury goods, and private shares. AlphaPoint helps power secure exchanges and digital asset networks with a processing capacity of nearly one million transactions per second, according to the official release.

AlphaPoint’s white label exchange and asset digitization technology are leveraged by customers in over 30 countries around the world. Its technology is already used by major institutions such as CME Group, The Royal Mint, London Block Exchange (LBX), Bitt, and Muirfield Investment Partners to launch trading platforms and digitize assets.