Quick take:

  • PostFinance, SBI-Sygnum-Azimut Digital Asset Opportunity Fund, and FiveT Fintech joined the round as new investors with existing investor C3 Venture Capital also participating.

  • The company is targeting markets where digital asset operations are regulated with the same “rigour” as traditional financial services.

  • Some of the markets highlighted in the announcement include the EU, Switzerland, Turkey, the UAE, Singapore, Hong Kong and Brazil.

Wyden, a leading provider of institutional infrastructure for trading digital assets has closed a CHF 14.5 million (~$16.3 million) Series B round led by Paris-based global fintech investment firm, Truffle Capital.

The fundraising also attracted participation from new investors SBI-Sygnum-Azimut Digital Asset Opportunity Fund, and FiveT Fintech, with existing investor C3 Venture Capital also joining.

The company plans to use the fresh capital for strategic growth in key markets as it intensifies its sell-side expansion for banks, brokers and exchanges. Wyden targets markets where digital asset operations are regulated with the same “rigour” as traditional financial services, with the EU, Switzerland, Turkey, the UAE, Singapore, Hong Kong and Brazil highlighted as examples.

In the EU, Wuden is looking to integrate up to 20 additional banks, brokers and exchanges into its ecosystem, with its team of 100 professionals focusing on strengthening both sales, marketing, product and delivery functions and Wyden’s development hubs in Poland.

The company’s growing list of clients includes popular banks, online and neo-brokers such as France’s Banque Delubac, Germany-based Smartbroker+ and Baader Bank and Switzerland’s Luzerner Kantonalbank and InCore Bank among others.

Commenting on the announcement, Andy Flury, founder and CEO of Wyden, said: “We are thrilled to solidify our position as a global leader in institutional digital asset trading infrastructure with this Series B funding. Combined with our flagship product Wyden Infinity, we are well equipped to meet the surging demand for secure and efficient trading infrastructure for regulated financial services institutions.”

Alexis Le Portz, Partner at Truffle Capital, commented: “Wyden’s impressive institutional client base and innovative platform underscore its leadership in this space. As digital asset regulations evolve, Wyden stands out as the premier choice for banks and brokers, reflecting a strategic opportunity for Truffle Capital.”

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The post Wyden Expands Digital Asset Trading Services With CHF 14.5M Series B Led By Truffle Capital appeared first on NFTgators .