💰 Wyden Secures $16.4 Million in Series B Funding for Expansion
🚀 Wyden, a provider of digital asset trading infrastructure, has successfully raised $16.4 million in a Series B funding round led by Truffle Capital, a fintech investment firm based in France. The round also saw participation from new investors like Postfinance, SBI-Sygnum-Azimut Digital Asset Opportunity Fund, and Fivet Fintech, along with existing investor C3 Venture Capital.
🌍 The company plans to utilize this investment to accelerate its expansion into the sell-side market for banks, brokers, and exchanges. Wyden aims to enter markets where digital asset operations are regulated similarly to traditional financial services. This includes integrating 20 more banks, brokers, and exchanges and enhancing its development hubs in Poland.
We are thrilled to solidify our position as a global leader in institutional digital asset trading infrastructure with this Series B funding,
said Andy Flury, founder and CEO of Wyden. He emphasized that the funding, combined with their flagship product Wyden Infinity, equips them to meet the growing demand for secure trading infrastructure.
💼 Alexis Le Portz from Truffle Capital noted that Wyden's client base and unique platform position it as a leader in digital asset infrastructure services. Denis Lenz from Postfinance highlighted Wyden’s ability to align with institutional client needs as a key differentiator for banks and brokers.
📈 Wyden has been actively expanding its clientele among regulated banks and brokers in Europe. It has already secured clients in France, Germany, and Switzerland and is seeking further partnerships with banks and brokers pursuing crypto licenses across various European countries.
