November 13, 3024
Wyden, a digital asset trading solutions provider, has successfully completed its Series B funding round, securing $16.9 million. The round was led by Truffle Capital, with participation from PostFinance, SBI-Sygnum-Azimut Digital Asset Opportunity Fund, FiveT Fintech, and C3 Venture Capital. The new funding is aimed at boosting Wyden's market expansion and product development initiatives.
The company plans to allocate the funds toward expanding its presence in key global markets, including the European Union, Switzerland, Turkey, the UAE, Singapore, Hong Kong, and Brazil. Wyden is also focusing on enhancing its sell-side solutions tailored for banks, brokers, and exchanges. As part of this expansion strategy, the firm intends to onboard 20 additional banks by the end of 2025 and grow its team to over 100 professionals.
Wyden recently launched its flagship product, Wyden Infinity, a cloud-native platform designed to automate the entire digital asset trading lifecycle. The Series B funding will also support scaling sales operations and advancing product innovation, particularly in the company’s European hubs.
About Wyden
Wyden provides digital asset trading solutions for banks, brokers, and exchanges, focusing on automating trade lifecycle processes. Its flagship product, Wyden Infinity, streamlines trading activities through a cloud-native platform. With plans to expand into new markets, Wyden aims to deliver cutting-edge solutions for the digital asset industry.
Website: https://www.wyden.io/
X: @wyden_io
About Investor
Truffle Capital
Truffle Capital is a European venture capital firm established in 2001. The firm specializes in investing in innovative companies in the digital and life sciences sectors, with a strong emphasis on long-term growth and disruptive technologies.
Location: Paris, France
Website: https://www.truffle.com/
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