24 Exchange, a Hamilton, Bermuda-based multi-asset class trading platform, raised a $7.025m in funding.
The round was led by Morgan Creek Digital, Aspire Financial, Blackwells Capital LLC and several individual investors.
The company intends to use the funds to further expand its multi-asset trading platform to encompass additional asset classes, including cryptocurrencies and equities for institutional market clients.
Led by CEO Dmitri Galinov, 24 Exchange is a multi-asset class trading platform that allows market participants to exchange their exposures at the lowest possible cost. The system lowers the cost of exchanging assets in the global markets while delivering creative workflows catered to each asset class. It is operated by 24 Exchange Bermuda Limited and 24 Exchange Broker Limited which are regulated by the Bermuda Monetary Authority (BMA) for the purposes of conducting Digital Asset Business, pursuant to the Digital Asset Business Act.
The company’s previous capital raise of $14.25m was led by Point72 Ventures last August.
FinSMEs
08/03/2022