Recoveris, a blockchain intelligence and digital asset recovery company based in Zug, has closed 1 million francs in a strategic financing round. The round was led by VerifyVASP, a well-known Singapore digital asset regtech, with the participation of additional strategic angel investors.

New AI Platform to Combat Blockchain Crime

According to a media release on Monday, Recoveris will use the funding to accelerate the development of its AI-enhanced blockchain investigation management system. The fintech, which was founded last June, has seen growing demand for its digital asset recovery services from a diverse client base, spanning from crypto exchanges, DeFi projects, banks, insurance companies to law firms, and individuals. The firm says the product will be the first of its kind. Expanding on its previous forensic services, the AI platform will bring scalability and advanced intelligence to on- chain analysis.

Challenges of Digital Asset Security

«The growth of the digital asset economy has unfortunately been accompanied by a rise in sophisticated theft and fraud, creating an urgent need for scalable intelligence and recovery solutions. Our first priority was to build a sustainable business that delivers real value, and I’m incredibly proud that our expert-led services have already achieved this. This position of strength has allowed us to raise capital on our own terms. This 1M francs is rocket fuel for our technology roadmap, enabling us to build the management system that will define the future of on-chain investigations,» said Marcin Zarakowski, CEO and founder of Recoveris.

ShihYun Chia, the CEO of VerifyVASP, stated that «Digital asset security and recovery represents one of the most significant challenges and opportunities in the blockchain space. We were immediately impressed by Recovers AG’s capital-efficient approach. Their vision for a Blockchain Investigations Management System is precisely what the industry needs to handle complex cases at scale, and combined with our extensive set of verified data amassed through supporting our members and proper Travel Rule compliance and connectivity to many of the latest exchanges internationally, we are excited to support their mission to make the digital economy safer and our mission in supporting the responsible growth of the Web 3 economy.»