CryptoFi Celebrates Multi-Million Dollar Investment from CU Digital One

CHICAGO, IL – September 14, 2023 – CryptoFi, the pioneering provider of cryptocurrency-based self directed investing solutions for credit unions, is delighted to announce a multi-million dollar investment from CU Digital One, a credit union-owned CUSO.

This strategic investment is earmarked to expedite CryptoFi's ongoing expansion initiatives and the development of innovative products and services. These advancements will empower credit unions to offer their members seamless access to the dynamic digital assets market. Josh Herman, interim CEO of CU Digital One, expressed his enthusiasm for this collaboration.

“We are thrilled to join forces with CryptoFi, extending a helping hand to credit unions in meeting the surging demand for digital asset solutions,” Herman said. “CryptoFi's cutting-edge offerings make it a leader in this domain, and we are confident that together, we can redefine how credit unions cater to their members' cryptocurrency investing needs.”

Kian Sarreshteh, CEO of CryptoFi, noted, “CU Digital One's substantial investment underscores our vision for the future of digital assets in banking. Their support catalyzes our growth trajectory, enabling us to innovate and introduce new products and services. Ultimately, this will provide credit unions with the means to deliver an unparalleled cryptocurrency experience to their members.”

Frankenmuth Credit Union is the founding member of the CU Digital One CUSO. Vickie Schmitzer, CEO of Frankenmuth Credit Union stated that, “Frankenmuth Credit Union is unwavering in its commitment to furnish members with cutting-edge financial tools. We firmly believe that CU Digital One and its partnership with CryptoFi will empower us to offer our members a secure and user-friendly gateway to cryptocurrency investments.”

The investment is anticipated to close by the end of the third quarter of 2023.

CryptoFi provides solutions that allow your members to access cryptocurrency in a trusted and safe environment. Stay ahead of your competition and drive new member acquisition by adding digital asset services. Deliver in-depth cryptocurrency and financial literacy content to your members. Contact us today to incorporate a solution that fits your institution's demands and keeps your members’ digital assets safe. For additional information, visit https://cryptofi.com/ and connect with CryptoFi on LinkedIn.

CU Digital One is a team of experienced Credit Union and technology professionals with a deep understanding of the financial industry, the regulatory landscape, and the most impactful technologies. By investing in CU Digital One, Credit Unions will get unique access to invest in fintech firms and companies that are changing the world. CU Digital One is committed to investing in a digital investing solution for equities, precious metals, and other assets that members have an interest in owning. To learn more about CU Digital One, visit https://cudigitalone.com/

Frankenmuth Credit Union was founded in 1964 by a group of locals looking for alternative financial options to meet their needs. Today, Frankemuth has grown to over 61,000 members, over $1 billion in assets, and serves 26 communities with 30 convenient locations. Even though it has grown since its founding, Frankenmuth is still interested in only one thing: people helping people. The credit union looks to provide sound financial advice and services for every member’s situation. For more information about Frankenmuth Credit Union, visit frankenmuthcu.org.