Copy link
Increase text size
Decrease text size
Link copied

BitMEX Ventures leads crypto startup FinFabrik’s seed round

Tue, 12 Feb 2019, 06:22 am UTC

FinFabrik, a Hong Kong-based fintech startup, has closed its seed funding round led by BitMEX Ventures. The amount raised has not been disclosed.

Founded in 2016, FinFabrik is focused on issuance, market making, and trading of digital assets. It aims to transform financial services leveraging blockchain and artificial intelligence to achieve broader financial participation.

The company plans to use the latest funding to expand its technology platform to drive innovative new products based on digital assets. FinFabrik said that it will continue to enable institutional players and asset owners that rely on its solutions to run their businesses and provide differentiating services to their clients.

“The successful closing of our seed round with support from leading institutional investors is a major milestone for FinFabrik. With this vote of confidence and continued support from our key partner BitMEX Ventures, we are now markedly closer to realising our vision of making investment opportunities broadly available for everyone,” Alex Medana, FinFabrik Co-founder and CEO, said.

“Our team is focused on creating solutions that enable asset owners to deploy their assets and liabilities. Owners may digitise and fractionalise their tangible and intangible assets, raise capital, and reach investors in a frictionless manner using FinFabrik's proprietary blockchain and machine learning technologies.”

Cryptocurrency trading platform BitMEX, which is owned and operated by Seychelles-based HDR Global Trading, launched BitMEX Ventures last year. The venture arm is focused on identifying potential crypto firms that can be invested in.

“We believe in FinFabrik’s highly-capable team and its mission of creating institutional-grade investment opportunities that allow everyone to participate in building their own wealth. We strongly believe in financial inclusion opportunities and the technology created by FinFabrik will have a lasting impact on the next generation of professional trading tools for digital assets,” Arthur Hayes, BitMEX Co-founder and CEO said.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $6,331.07 (-1.76%)
  • Ethereum (ETH) $133.04 (+0.63%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $217.06 (-0.80%)
  • Bitcoin SV (BSV) $163.28 (-1.12%)
  • Bitcoin (BTC) $6,331.07 (-1.76%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft