Rain的受监管加密赌注：巴林首张牌照，1.1亿美元融资轮，然后是1480万美元的被盗事件

做的是什么生意

Rain is a Bahrain-based cryptocurrency exchange and custodian where users buy, sell and store crypto under Central Bank of Bahrain and Abu Dhabi Global Market regulation.

启动资金：$116M disclosed: $6M Series A (Jan 2021, led by MEVP with Coinbase Ventures) and $110M Series B (Jan 2022, co-led by Paradigm and Kleiner Perkins, with Coinbase Ventures, Global Founders Capital, MEVP, Cadenza, JIMCO and CMT Digital).

起因

Founded in 2017 by Abdullah Almoaiqel, AJ Nelson, Joseph Dallago and Yehia Badawy, Rain bet that Gulf users were holding back from crypto for lack of a trusted, regulated on-ramp. It spent its early years securing the Central Bank of Bahrain's Crypto-Asset Module license—granted in 2019—before scaling trading.

经过

The regulatory-first strategy attracted capital and users: a $6M Series A in Jan 2021 led by MEVP with Coinbase Ventures, then a $110M Series B in Jan 2022 co-led by Paradigm and Kleiner Perkins. By then Rain had processed $1.9B in transactions, counted 185,000+ active users and employed about 400 people. In 2023 it won an ADGM financial-services permission to offer crypto brokerage and custody in the UAE.

结果

Still running after a crisis: on April 29, 2024, Rain's BTC, ETH, SOL and XRP wallets saw suspicious outflows of about $14.8M. The exchange said it isolated the issue, kept customer funds at a 1:1 ratio, had Rain Group cover potential losses, and continued operations in full.

可借鉴之处

监管先发优势只有在所建立的信任能经受运营危机考验时才有价值；透明地弥补损失让Rain在遭盗后得以继续交易。