Agio Ratings has raised $4.6 million in funding to enhance its risk assessment capabilities for the digital asset industry, aiming to become a leading provider of reliable risk data for institutions.

Information on the Target

Agio Ratings, based in London, UK, is pioneering a transformative approach to risk assessment in the digital asset industry. Founded in May 2022 by a team of veterans experienced in trading and regulation, Agio aims to provide institutions with a comprehensive method for pricing default risk across more than 30 leading trading venues. Recently, the company successfully raised $4.6 million in PreSeed and Seed funding to enhance its operations and further develop its innovative risk evaluation models.

The company's offerings are particularly significant given the current inadequacies in quality data within the industry. By analyzing an extensive set of over 1,000 variables derived from both on-chain and off-chain data sources, Agio has developed quantifiable measures of default risk that match the accuracy of leading commercial default risk models. A notable achievement includes their early identification of FTX as a high-risk exchange in July 2022.

Industry Overview in the UK

The digital asset market in the UK has seen exponential growth, with an increasing number of institutions and private investors participating. However, the industry suffers from a lack of reliable data and