HONG KONG - 12 February, 2019 - FinFabrik, a Hong Kong-based fintech startup focused on issuance, market making, and trading of digital assets has raised an undisclosed amount in its seed funding round. BitMEX Ventures, the investment arm of Seychelles-based HDR Global Trading Ltd., is the lead investor.
Alex Medana, FinFabrik Co-founder and CEO, said: “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.”
The latest investment round will allow FinFabrik to expand its technology platform to drive innovative new products based on digital assets. The firm will continue to enable institutional players and asset owners that rely on FinFabrik solutions to run their businesses and provide differentiating services to their clients.
“Our highly experienced team possesses decades of expertise in global institutional finance and financial technology systems. With the validation that we are supported by some of the world’s most innovative and discerning investors, 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.” said Medana.
Arthur Hayes, BitMEX Co-founder and CEO said: “BitMEX Ventures is dedicated to supporting the growth of financial infrastructures surrounding emerging asset classes, such as cryptocurrencies, and supporting the world’s most innovative blockchain startups. 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.”
For more information, visit www.finfabrik.com.
FinFabrik is a financial technology firm headquartered in Hong Kong, with offices in Shenzhen and Vienna. Founded in 2016, it aims to transform financial services leveraging blockchain and artificial intelligence to achieve broader financial participation. Its suite of solutions empowers and connects both asset owners and investors via three pillars: Issuance (Crosspool), Trading (CryptoFabrik) and Market-Making (QuantFabrik) of digital assets. For more information, please visit www.finfabrik.com.
About BitMEX Ventures:
BitMEX Ventures builds and oversees a diverse investment portfolio of high-quality crypto and fintech companies with credible technology and innovative financial products complementary to BitMEX’s core businesses. BitMEX Ventures has made a number of investments since inception in 2018. For more information, visit www.bitmex.com.