Another crypto-related capital raise in the Magic City

The crypto capital that is Miami keeps attracting more players, services and funding.

Eaglebrook Advisors offers a digital asset separately managed account (SMA) platform. The Miami-based tech company announced it has raised $20 million in Series A funding.

The round was led by Castle Island Ventures and Brewer Lane Ventures with participation from Gemini Frontier Fund, Avon Ventures, Jump Capital, Sybil Capital, Marty Bicknell, Ric Edelman, Mark Casady and Joe Mrak.

“Eaglebrook provides technology solutions for wealth management firms looking to launch a crypto offering to their clients, and we are excited about this next step in our company’s growth,” said Christopher King, Eaglebrook’s founder and CEO. “As financial advisors continue to demand access to this emerging asset class, this infusion of capital will allow Eaglebrook’s solutions to evolve to meet the growing need.”

Eaglebrook Advisors is a tech-driven, SEC-registered investment adviser that operates a SMA platform focused on the crypto market. Digital assets held in its SMAs are secured in an offline, institutional-grade custody account at Gemini Trust Company, a qualified custodian.

The company’s digital asset SMA platform is fully integrated with the major portfolio management and reporting systems used by RIAs and independent advisors. The solution allows advisors to model, onboard, bill, and advise on their clients’ bitcoin and digital asset holdings within a secure, unified technology ecosystem.

The new funding will be used to accelerate technology and product development to serve financial advisors and the wealth management industry in response to market demand.

More than 40 RIAs and 500 financial advisors across the United States use Eaglebrook’s SMA platform. They include Mariner Wealth Advisors, Dynasty Financial Partners, and Halbert Hargrove Global Advisors, among others.

Eaglebrook recently launched Eaglebrook IQ, the crypto educational platform for financial advisors, providing training and education on the emerging digital asset market.

“RIAs and institutions are just beginning to engage with crypto assets and are increasingly exploring the larger role this asset class can play in portfolio construction. We believe Eaglebrook Advisors, through its suite of standard and custom crypto solutions, is extremely well positioned to capture and cement its leadership position in this emerging space,” said John Kim General Partner for Brewer Lane Ventures.

In total, the company has raised $22 million in capital.

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Nancy Dahlberg