NGC Ventures Invests in Troy Network, a Protocol for Crypto Trading and Settlement

NGC Ventures, a crypto fund of one of a leading blockchain investment firm, has announced a strategic investment in crypto brokerage Troy Network. In a release, NGC said it led the multimillion-dollar investment with BlockVC.

Troy Trade, part of the Troy Network, is a global prime broker providing crypto brokerage services for institutional clients and professional traders with revolutionary trading products.

Troy says it has integrated over 30 leading global crypto exchanges and more than 500 cryptocurrencies. Troy reports AUM of 25,000 BTC and $100 million daily trading volume. Troy as a powerful player in the prime broker business while remaining at the forefront of the crypto industry. Troy focuses on institutional investors and said it will continue to facilitate extensive and complex trading needs.

Tony Gu, founding Partner at NGC Ventures, said the absence of prime brokers has limited the potential of the crypto asset market:

“Merging strong financial backgrounds and crypto market expertise, I believe Troy will soon become the leading prime broker in this industry,” said Tony Gu.

Kevin Hsu, a founding Partner at BlockVC, said the crypto asset market is at the edge of a paradigm shift. Institutional players are entering the sector while the lack of sophisticated structures is missing.

“Troy offers a full stack of customized prime broker solutions including global liquidity, margin financing, asset management and data analytics. The team has leveraged its expertise to achieve astonishing growth. Troy will play an essential role as the revolutionary infrastructure in this Paradigm Shift.”


Register Now to Watch Online
Sponsored Links by DQ Promote

 

 

Send this to a friend