Symbridge Holdings LLC, the digital asset exchange built specifically for future-minded traders, today announced it has secured a $9 million strategic investment, with newcomer investor Traxys North America LLC (Traxys), a leading physical commodity trader and merchant in the metals sector, joining the funding round.
“Symbridge will leverage this capital infusion and new partnership with Traxys to further amplify and scale our digital asset ecosystem,” said Alexander Kravets, CEO of Symbridge. “Traxys’ experience and deep expertise in the global commodity trading and metals sector will fuel our ongoing product innovation and empower us on our mission to offer sophisticated investors the most exciting, innovative, and reliable way to trade digital assets. This round of capital will also enable us to build out additional business lines as we enter into a phase of rapid growth and development.”
One of the world’s biggest commodity traders, Traxys, is diversifying into new trading markets with its investment in Symbridge. The partnership will also support Symbridge in meeting increasing investor demand for digital representation of physical commodities.
“Traxys is dedicated to staying one step ahead of industry transformation, and we see Symbridge as being poised to revolutionize traditional finance with its digital asset ecosystem of the future,” said Alan Docter, Chairman of Traxys. “Our organizations are aligned on a firm belief in the disruptive power created by tokenizing metals, especially when coupled with the ability to trade digital assets and products on a reliable and secure marketplace — 24/7. Our partnership will support Symbridge as it leads the way on offering forward-thinking investors cutting-edge opportunities that can come from trading blockchain-based digital assets backed by physical metals.”