Varys Capital and ThreePointZero Ventures lead $1,075,000 investment in Ledger Works
May 28th, 2024 at 9:00am
Now, more than ever, Web3 businesses require comprehensive risk management to elevate trust and meet the emerging regulatory requirements of blockchain technologies
With this in mind, Varys Capital and ThreePointZero Ventures have led an investment in Ledger Works (“LWorks”) RiskOps-as-a-Service to unlock the power of Web3 with Proactive Risk Management
LWorks RiskOps-as-a-Service supports Web3 businesses’ protection and growth with their advanced real-time data analytics and financial modeling controls to manage their ongoing financial, regulatory, operations & security risks
LWorks delivers operational risk management services that combine cyber, operational, regulatory and financial risk controls into a unified dashboard with real-time computational models and rules that enable continuous market-wide and protocol-specific surveillance. Both safeguarding and optimizing Web3 business operations
Darius Askaripour, from Varys Capital, states:
“Through our investment in Ledger Works, we accelerate their market leading risk management to support Web3 companies with sophisticated risk analytics and modeling capabilities”
Dr. Omer Demirel, from ThreePointZero Ventures, remarks:
“Ledger Works innovates within the crucial intersection of OpSec and risk management for Web3 companies and excels in providing state-of-the-art, data-driven solutions to them. We are very excited to be supporting Ledger Works on its exciting journey for many years to come”
David Melnick, the CEO of Ledger Works, added:
“The Ledger Works team is excited to add ThreePointZero Ventures and Varys Capital to our team. Their market insight and data analytics experience will improve our product offering and help us deliver a world-class offering to our customers”
About Ledger Works
Ledger Works helps our customers focus on growing their Web3 business while we run their Risk Operations. Today more than ever, our customers’ success requires effective Risk Management. As their strategic risk partner, we protect our customers’ business operations and leverage advanced models to help them optimize financial performance. By leveraging real-time computational rules, continuous execution of deterministic and simulation models, and real-time market surveillance, Ledger Works empowers businesses to turn risk into a competitive advantage. For more information, visit: https://www.lworks.io Contact Press@lworks.io
About Varys Capital
Varys Capital is a global, multi-strategy digital asset fund and market-maker that invests in and supports early-stage and growth-stage companies building blockchain-enabled businesses. Varys Capital was established in 2018 and is headquartered in Abu Dhabi, UAE and Bangkok, Thailand. Twitter | Linkedin For more information, visit: https://varys.capita
Contact venture@varys.capital
About ThreePointZero Ventures
ThreePointZero Ventures is a new VC Fund emerging from stealth after its first raise. Taking full advantage of their diverse and deep ecosystem connections, ThreePointZero’s principals are active advisors and investors in early-stage Web3 companies, supporting portfolio companies from ideation to growth.Twitter For more information, visit: https://threepointzero.vc/ Contact contact@threepointzero.vc
CONTACT INFORMATION:
press@lworks.io
venture@varys.capital
contact@threepointzero.vc
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