• Wed, 24 Apr 2019, 08:57 AM
  • All times are UTC
  • Edition:
    International
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. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $5,514.49 (-0.96%)
  • Ethereum (ETH) $166.21 (-5.41%)
  • XRP (XRP) $0.301500 (-7.83%)
  • Bitcoin Cash (BCH) $278.30 (-8.70%)
  • EOS (EOS) $4.92 (-8.34%)
  • Bitcoin (BTC) $5,514.49 (-0.96%)
Apr 24, 2019 (Wednesday)
07:39
Disney in talks to acquire Bitstamp and Korbit owner Nexon: Report
06:13
University of Nevada, Reno teams up with blockchain startup Filament on smart city mobility project
05:12
Crypto exchange Coinbase shuts Chicago division
04:20
MIT and other universities team up to explore blockchain potential for management of academic credentials
03:32
Societe Generale issues €100m of covered bonds as security token on Ethereum blockchain
Apr 23, 2019 (Tuesday)
11:47
Blockchain identity startup Civic expands network with 12 automated retail partners
11:02
Binance launches decentralized exchange ‘Binance DEX’ on Binance Chain
09:44
Hyundai to use blockchain in new smartphone-electric vehicle pairing technology
09:06
China opens first blockchain-powered notary office in Beijing
07:28
WISeKey to open Blockchain Center of Excellence in Saudi Arabia
07:06
Data-driven marketing firm Ascent Networks joins PUBLISH Alliance
06:17
British Virgin Islands partners with LIFElabs.io for crypto payments system
03:32
Japanese crypto exchange Zaif resumes operations after hack
Apr 22, 2019 (Monday)
11:33
Bithumb’s parent company BXA eyes US and Japanese markets for expansion
10:37
Bitcoin nonprofit BitGive partners with digital money platform Uphold
09:54
JPMorgan to add new functions to blockchain-based Interbank Information Network
09:09
Florida lawmakers introduce bill to establish blockchain task force
07:18
Dutch supermarket chain Plus to use blockchain to track bananas along supply chain
06:28
Crypto exchange Coinbase adds support for Augur’s Reputation token
05:11
Tennis superstar Serena Williams backs crypto exchange Coinbase
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft