Connecticut Innovations

Quorus Raises $5M Seed to Scale Tax-Managed Portfolio Platform

March 18, 20266 min

Quorus, a technology-driven asset manager, today announced the close of its $5 million seed round anchored by WisdomTree with major participation from Connecticut Innovations, Nassau Financial Group, as well as strategic investors from across the wealth management industry. The round comes as asset managers and advisors continue to launch and adopt custom, tax-managed, separately managed account solutions. Quorus operates as an extension of the asset manager, providing operational infrastructure to manage thousands of separately managed...

by GlobeNewswire

Payments

Coinbax Raises $4.2M to Bring Institutional Controls to Stablecoin Payments

December 29, 20254 min

Coinbax, the programmable trust layer for stablecoin payments, today announced $4.2 million in seed funding to bring escrow, policy enforcement, and programmable settlement to digital assets. The round was led by BankTech Ventures, with participation from Connecticut Innovations, Paxos, SpringTime Ventures, and industry leaders across banking, payments, and digital asset infrastructure. While traditional instant payment rails like RTP and FedNow have improved settlement speed, financial institutions still lack the programmable control layer necessary to deploy...