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Wyden has secured $16.9 million in a Series B funding round led by Truffle Capital, aiming to expand its digital asset services for banks, brokers, and exchanges. The company plans to integrate up to 20 new partners by 2025, focusing on markets with stringent regulatory frameworks, while enhancing its workforce and product development, particularly with its Wyden Infinity platform. This investment positions Wyden as a leader in institutional digital asset trading infrastructure, catering to the evolving needs of financial institutions.
Wyden, a Zurich-based digital asset trading company, has raised €15.9 million in a Series B funding round led by Truffle Capital, with participation from PostFinance and others. The funds will be used to expand into new markets and enhance services for banks and brokers, aiming to onboard 20 additional partners by 2025. The company recently launched Wyden Infinity, a cloud-native trading system designed for institutional clients, positioning itself as a leader in digital asset trading infrastructure.
Wyden has secured a €15M financing round led by Truffle Capital, marking the latter's entry into the crypto sector. The platform enables traditional banks to offer crypto services by integrating with multiple exchanges and custodians, aiming to expand its client base from 12 to 32 banks by 2025. With a focus on regions with established crypto regulations, Wyden positions itself as a leader in digital asset trading technologies for institutions.
Alexis Le Portz
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Wyden secures 16.9 million for expansion in digital asset trading infrastructure
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13:20 20.11.2024
Wyden secures 15.9 million euros to expand digital asset trading services
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13:27 15.11.2024
truffle capital leads 15 million investment in crypto platform wyden
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19:08 13.11.2024
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