Crypto Finance closes Series B funding round
Institutional crypto currency trading, tokenisation and storage specialist Crypto Finance has raise CHF14 million in a Series B funding round led by Swiss investor Rainer-Marc Frey and Asian-based Lingfeng Capital led the round, with significant investments from existing and several new investors.
As part of the round Dr Ming Shu, Partner at Lingfeng Capital, will be proposed as a new member of the Crypto Finance Board of Directors.
Total funding raised for Crypto Finance now totals CHF36 million.
Jan Brzezek, CEO and Founder of Crypto Finance AG, says: “I am excited to share our Series B funding news. It lets us continue with our vision and strategy to provide market-leading, professional crypto asset management, trading, and infrastructure.”
“The robust financial regulatory field and vibrant crypto community attracted QBN to invest in Switzerland. Crypto Finance AG is one of the best in its ranks. Digital asset trading is here to stay, and we can learn from Swiss experience,” says Dr Frank Tong of QBN Capital.
Dr Ming Shu, Lingfeng Capital, says: “The team at Lingfeng is very impressed with the Crypto Finance AG management and operations. This opportunity brings us exposure to the promising crypto asset fintechs working within the regulatory framework and a partner with traditional finance sector experience. We look forward to building a bridge between Europe and Asia with Crypto Finance, and the convergence of traditional and digital asset classes.”
With just over 50 per cent of overall Group business linked to international clients, Crypto Finance will commit the new funding to continued international expansion and product and service development. This focus reinforces the secure, reliable crypto asset operations that the Crypto Finance Group provides today to a growing variety of institutional and professional investors.