Wyden Secures $16.4M to Fuel Digital Asset Reach Across the Globe

Wyden, a digital asset trading infrastructure provider, recently raised $16.4 million in a Series B funding round led by Truffle Capital, with backing from Postfinance, SBI-Sygnum-Azimut, Fivet Fintech, and C3 Venture Capital.

Wyden plans to use the funds to expand its sell-side services for banks, brokers, and exchanges, especially in regulated digital asset markets. The company aims to add 20 more financial institutions to its platform and strengthen its development centers in Poland. CEO Andy Flury emphasized that this funding will enhance Wyden’s ability to meet growing demand for secure trading infrastructure, while investors praised its innovative approach and alignment with institutional needs.

Clever Robot News Desk 15^th November 2024