Bluprynt raises $1.7 million in Pre-Seed Funding to Pioneer Transparent Crypto Disclosures

Empowering Investors, Bluprynt’s funding boost strengthens efforts in improving how digital assets information is shared    

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WASHINGTON, DC., May 15, 2024-- Bluprynt, the disclosure company for digital services and assets, is excited to announce the successful completion of its $1.7 million pre-seed funding round. The oversubscribed round comprises some of the world’s most prominent names in fintech including Dan Schulman, the former CEO of PayPal, Jules Kroll, the founder of Kroll Inc. and Jeremy Kroll, CEO and co-founder of K2 Integrity.  Institutional investors include Robinhood Inc., Flourish Ventures and Plural.  Leading regulatory authorities participated in the round as well including multiple former heads of U.S. government agencies, including CFTC Chairman J. Christopher Giancarlo.  

New disclosure requirements for digital assets are sprouting up around the world as regulators begin to pass and implement rules for crypto, and approve new products like the Bitcoin spot ETF. The European Union is progressing its implementation of its Markets in Crypto-Assets (MICA) legislation, aiming to establish a robust regulatory framework for transparency and investor protection. Similarly, countries in the Middle East and Asia are engaged in dialogues about digital assets regulatory frameworks, emphasizing the need for disclosure norms in crypto. In the U.S., key states have introduced or are planning bespoke disclosure requirements alongside calls from policymakers to upgrade federal disclosure standards.

Bluprynt works with founders, infrastructure providers and governments to develop quality, industry-grade disclosure solutions for digital assets and services. Additionally, unlike other companies with tools and business models born of paper-based solutions, Bluprynt specializes in integrating emerging technologies as transparency-enhancing tools for compliance, investor communications, and risk management.

“Transparency is the flywheel for liquidity in the space.  Without it, mainstream adoption, deep institutional involvement and government licensing will prove elusive,” remarked Bluprynt’s CEO and founder, Christopher Brummer.  “At Bluprynt we're embarking on a journey driven by a singular vision – to revolutionize transparency and disclosure in ways that can catalyze the development and growth of this enormously important sector.”

“As we see with the success of commercial AML/KYC solutions to counter money laundering in traditional finance, there is tremendous business demand for digitally-enabled disclosure solutions to enable the safe and responsible conduct of digital asset markets,” said former CFTC Chairman Giancarlo.  “Dr. Brummer has seized an opportunity whose time has come.”

“This is one area where regulators and the crypto industry agree: we need transparency for the market to thrive.  And innovating disclosure introduces a world of financial and economic green shoots and use cases beyond even crypto.” said K2 Integrity CEO Jeremy Kroll, representing investors Jules Kroll and Dan Schulman, who participated collectively through their new vehicle, Valid Ventures.

Brummer, a Georgetown law professor, has spent years researching digital assets and disclosure, and has advised governments around the world on regulatory policy, from the European Union to a stint as a member of President Biden’s Transition team. Bluprynt will leverage this experience, relationships with leading technology firms around the world, and its new funding to build some of the world’s most advanced disclosure tools and solutions for digital assets and services providers.

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About Bluprynt

Bluprynt is a leading innovator in the development of disclosure infrastructure for a digital word. We provide world-class solutions for founders, infrastructure providers, and investors seeking to access new data and cost-effective compliance ecosystems. With a commitment to revolutionizing how regulatorily compliant information is composed, shared, and consumed, Bluprynt is at the forefront of paving the way for a safer and more informed investment and regulatory environment.