Tokyo, Nov 13, 2019
Binfinity AG today announced the closing of a Series A funding to propel the growth of its global digital asset exchange platform Binfinity, which opens to the global investor community today having been in stealth beta mode since August. The round was led by Eight Roads Ventures, a global proprietary investment firm backed by Fidelity.
Binfinity is a digital asset exchange platform developed by a team of veteran capital markets specialists based in Tokyo, Japan. The core exchange technology, Raptor™ is deployed under license from Fusion Systems. The Raptor™ product suite is currently used by many of the most sophisticated capital markets firms in the region to support High Frequency and algorithmic proprietary trading. Binfinity launches with support for 5 quote assets and 90 pairings with a limit order book matching engine capable of handling over 2 million transactions per second, per instance, on a sustained basis and will deliver:
- Simple on-ramp and off-ramp from Fiat currency to digital asset
- Spot trading of many major digital currencies and alt-coins
- A platform for issuance and secondary market support for new digital assets
Binfinity AG has developed the platform based on its core values of Freedom, Performance and Trust in order to offer a well-regulated, one-stop digital asset management platform suitable for institutions, family offices and retail investors.
“Finding a startup team with the strength and depth of experience of Binfinity is rare, and in the world of digital assets almost unheard of. We believe the timing is right for a technologically mature, regulated exchange platform to thrive” said David Milstein, Managing Partner of Japan at Eight Roads.
“Eight Roads Ventures is an excellent partner fit” said Michael Alfant, CEO of Binfinity AG. “Binfinity intends to facilitate the transition of digital assets from curiosity to mainstream tool in capital markets and a component of investor portfolios. We are still in the early stages of digital asset innovation. Binfinity’s long-term vison is to build a platform to enable investors and capital markets professionals to leverage digital assets for long-term sustained competitive advantage. We are thrilled to be working with Eight Roads and Fidelity to bring our vision to market”.
Alongside the official launch of the platform, Binfinity AG is introducing BFC or ‘Binfinity Coin’, an ERC-20 based utility token that rewards investors with discounted trading fees and a share of commissions earned from referred business. BFC is launched as an IEO on the Binfinity platform and can be purchased by investors using BTC, ETH or USD. See token details at binfinity.ch.
For further details:
Eight Roads: press@eightroads.com
Binfinity AG: press@binfinity.io
Binfinity is a regulated digital asset exchange platform headquarted in Switzerland, serving both institutional and retail investors.
Eight Roads Ventures is a global proprietary investment firm backed by Fidelity.