Expanding Digital Asset Trading Services with a CHF 14.5M Series B Funding Round, headed by Truffle Capital.
Zurich-based Wyden, a leading provider of institutional infrastructure for digital asset trading, has announced plans to utilise its recent $16.3 million Series B funding to expand and deepen its market presence. The funding will be channelled towards strategic partnerships, enhanced technology offerings, and a focus on key markets, particularly Turkey, following a collaboration with Garanti BBVA Kripto, a subsidiary of one of Turkey's largest banks.
This partnership will power Garanti BBVA Kripto’s digital asset trading platform, providing Turkish retail and corporate customers with advanced access to cryptocurrencies and crypto pairs with Turkish lira and US dollars.
Wyden's strategic growth plan encompasses four key areas: expanding regional market access, offering scalable, compliant solutions, integrating fragmented financial infrastructure, and maintaining a global presence and expertise. By partnering with major financial institutions in emerging markets, Wyden aims to bolster its profile as a trusted provider of regulated digital asset trading infrastructure.
The company's platform delivers full trade lifecycle automation, including treasury management, trade execution, settlement, and accounting, integrated into one system that complies with regulatory and risk management priorities. This appeal to regulated institutions seeking secure, scalable, and transparent trading environments has attracted a growing list of clients, including popular banks, online, and neo-brokers such as France's Banque Delubac, Germany-based Smartbroker+, Baader Bank, Switzerland's Luzerner Kantonalbank, and InCore Bank.
Wyden's flagship product, Wyden Infinity, is designed to meet the surging demand for secure and efficient trading infrastructure for regulated financial services institutions. The company's sights are set on integrating up to 20 additional banks, brokers, and exchanges into its ecosystem in the EU, with the aim of accelerating the adoption of its institutional-grade digital asset technology and cementing its position as a global leader in digital asset trading infrastructure.
Andy Flury, founder and CEO of Wyden, stated that the Series B funding will strengthen the company's position as a global leader in institutional digital asset trading infrastructure. The fundraising attracted participation from new investors SBI-Sygnum-Azimut Digital Asset Opportunity Fund, FiveT Fintech, and C3 Venture Capital, further bolstering Wyden's position in the digital asset trading space.
Alexis Le Portz, Partner at Truffle Capital, praised Wyden's impressive institutional client base and innovative platform, highlighting the company's leadership in the digital asset trading space. Truffle Capital sees digital asset regulations evolving as a strategic opportunity for Wyden, making it the premier choice for banks and brokers.
With a team of 100 professionals and development hubs in Poland, Wyden's focus will be on strengthening sales, marketing, product, and delivery functions, with a particular emphasis on sell-side expansion for banks, brokers, and exchanges. In the EU, Wyden is looking to integrate up to 20 additional banks, brokers, and exchanges into its ecosystem, marking a significant step towards its goal of becoming a global leader in digital asset trading infrastructure.
The partnership with Garanti BBVA Kripto, a subsidiary of one of Turkey's largest banks, signals Wyden's intent to expand its business into the technology-focused finance sector, providing advanced access to cryptocurrencies for retail and corporate customers. Wyden's strategic growth plan, aiming to bolster its profile as a trusted provider of regulated digital asset trading infrastructure, includes forming strategic partnerships, enhancing technology offerings, and focusing on key markets like Turkey.
