The funding round was joined by Cherubic Ventures, Token Bay Capital, Somerley Capital, and Chatchaval Jiaravanon & Chaval Jiaravanon.
Co-incubated by Everest Ventures Group (EVG) and TT Bond Partners, Aspen Digital enables asset managers to invest in digital assets and manage their clients’ portfolios via its platform.
This platform allows institutional clients to carry out trades, improve yield and automate investment strategies.
Aspen Digital also offers risk management, client portfolio reporting, custody solutions and market insights.
The firm intends to utilise the new funds to expand its core team and set up new offices in major financial hubs.
It plans to establish a second headquarter in London, in addition to its current Hong Kong office.
This new office, which is expected to open later this year, will serve clients in Europe and the Middle East.
Aspen Digital is also looking to establish a Singapore office to target the Southeast Asia market.
Aspen Digital CEO and co-founder Yang He said: “I am thankful to our investors, who believe in our mission to make the world of digital assets more accessible.
“We are thrilled to be launching our platform internationally later this year to empower asset managers around the world to better serve their clients in the new digital asset market with confidence.”
Liberty City Ventures founding partner Emil Woods said: “The Aspen Digital platform is a turn-key solution for investment advisors to manage digital assets on behalf of their clients.
“The launch is a major step in making this powerful and transformative asset class available to this especially significant investor base.”
Earlier this week, Onramp Invest, an iPaaS technology firm that offers access to cryptoassets for RIAs, raised $6m in seed fundraising to accelerate its growth and integration plans.