Bermuda-based crypto trading platform STS Digital, which caters to institutional investors, raised $30M led by CMT Digital, with Kraken and others participating (Ben Weiss/Fortune)

Ben Weiss / Fortune: Bermuda-based crypto trading platform STS Digital, which caters to institutional investors, raised $30M led by CMT Digital, with Kraken and others participating   —  Even as retail traders flee the crypto markets amid plummeting prices, large financial institutions continue to lean into digital assets.