Agio Ratings, the premier source of risk insights in digital assets, has closed a £4.5 million funding round led by AlbionVC, bringing the total raised to over £8.2 million. The round, which also saw participation from Portage Ventures and MS&AD, will enable Agio Ratings to expand its research and engineering teams, broadening the scope of its risk ratings and supporting major banks as they enter the digital asset market.
Founded in 2022, Agio Ratings addresses a critical gap in the cryptocurrency market by quantifying the risk of exchanges, custodians and lenders. This enables trading firms, insurance companies and banks to make informed decisions and optimise their risk-adjusted returns. The company was created in response to the lack of quality data needed to power standard risk assessment models in the digital asset market.
Unlike the traditional ratings agencies, Agio Ratings uses quantitative methodologies that can capture a firm’s default risk as market conditions shift. Their data-based approach also makes it possible to identify risk signals that the market underweighs or neglects. The company’s track record demonstrates the value of its approach. For example, Agio Ratings’ models identified FTX’s high probability of default four months before the exchange’s bankruptcy, and correctly assessed that Bybit had sufficient resilience to survive its £1.2 billion security breach.
In early 2025, Agio Ratings partnered with Relm Insurance to power their crypto exchange default product and are now in discussions with the largest banks in the US and Europe to support their entry into crypto trading, lending, and stablecoin orchestration.
