TRM Labs hits unicorn status in $70 million fund raise with Goldman's participation
Analysis
Price Impact
HighTrm labs reaching unicorn status with participation from goldman sachs and other major investors signifies growing institutional acceptance and investment in crypto compliance and security. this legitimizes the crypto space, making it safer and more attractive to traditional finance by reducing perceived risks associated with illicit activities.
Trustworthiness
HighThe news comes from coindesk, a reputable crypto news outlet, and involves established institutional players (goldman sachs, citi ventures) and significant venture capital firms (blockchain capital). the funding details and trm labs' operations are well-documented.
Price Direction
BullishEnhanced ability to trace illicit transactions and freeze tainted assets, coupled with institutional backing, reduces the overall risk profile of cryptocurrencies. this increased trust and regulatory clarity can lead to greater institutional adoption and capital inflow, which is fundamentally bullish for the long-term health and price appreciation of the crypto market.
Time Effect
LongThe impact of improved compliance infrastructure and increased institutional involvement, as evidenced by trm labs' growth and funding, fosters long-term trust and paves the way for greater mainstream adoption and regulatory clarity, influencing prices over an extended period.
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Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email TRM Labs hits unicorn status in $70 million fund raise with Goldman's participation The company's software specializes in tracing cryptocurrency transactions across multiple blockchains, catering to increasing demand from law enforcement and financial firms amid rising crypto crime. By Francisco Rodrigues , AI Boost | Edited by Omkar Godbole Feb 4, 2026, 12:31 p.m. Make us preferred on Google (Juliana Araujo the artist/Unsplash/Modified by CoinDesk) What to know : TRM Labs raised $70 million in a Series C round, reaching a $1 billion valuation, with participation from Blockchain Capital, Goldman Sachs, and others, bringing total funding to $220 million. The company's software specializes in tracing cryptocurrency transactions across multiple blockchains, catering to increasing demand from law enforcement and financial firms amid rising crypto crime. TRM has formed partnerships with Tron and Tether to combat illicit activities, establishing the T3 Financial Crime Unit task force that has successfully frozen over $300 million in tainted assets. In this article BTC BTC $ 76,073.52 ◢ 3.35 % TRM Labs, a blockchain analytics startup used by global law enforcement and financial firms, has raised $70 million in a new funding round that pushed its valuation to $1 billion. The Series C round, Fortune reports, was led by Blockchain Capital with participation from Goldman Sachs, Citi Ventures, Bessemer, Thoma Bravo and Brevan Howard. The firm, according to data from TheTie, had raised nearly $150 million to date, having seen another $70 million fundraise back in 2023 , along with other smaller fundraising rounds. That brings the total raised to $220 million. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . The firm’s software helps trace cryptocurrency transactions across multiple blockchains, a service increasingly in demand as crypto crime grows more complex. TRM counts several major government agencies, including the IRS and FBI, among its clients, as well as major banks. It was an early mover in tracking not just bitcoin but various other cryptocurrencies, a decision that set it apart from competitors. That edge has become more valuable as criminal networks diversify their use of tokens and platforms. TRM’s global investigations team includes former federal agents, including veterans of cases that include the takedown of dark web marketplaces. The company foresees growth in the future, given the rising sophistication of threats in the cryptocurrency space. Per Ari Redbord, TRM's global head of policy, the company saw a 500% increase in “AI-enabled use in scams and fraud.” TRM has also partnered with leading blockchain projects like Tron and Tether to expand its intelligence. That partnership created the T3 Financial Crime Unit task force, and has frozen more than $300 million in tainted assets. TRM Labs Fundraising Series C AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy .