Blocktrade SA, a Luxembourg-based digital asset exchange, says it has closed an over-subscribed €22 million series A funding round that garnered investors from 33 different countries.
Blocktrade states that it has a vision of building an ecosystem around digital assets. Blocktrade recently hired a new Chief Executive Officer, Bernard Blaha to help boost growth.
Blaha commented on the funding round:
“Blocktrade is more than a classic crypto exchange: we are building a complete ecosystem around digital assets, which provides our users with much more than just access to trading tools.”
The additional funding will be used for operational improvement including security as well as digital securities. A B2C campaign is expected to be kicked off later in 2021 to increase the user base.
Launched in 2018 Blocktrade was acquired and rebuilt by Cryptix until 2020 and funded by an international group of investors in 2021.