Bitcoin Exchange BitMEX Invest In Blockchain Startup FinFabrik
Hong Kong-based blockchain startup FinFabrik has received an undisclosed investment from BitMEX Ventures, an investment arm of BitMEX. The investment is part of FinFabrik’s seed funding round.
FinFabrik is a FinTech solutions builder that specializes in capital markets software. By transforming traditionally alternative, illiquid assets into digital asset-backed securities using blockchain technology, the company powers a digitally integrated end-to-end lifecycle, from issuance to trading.
The company said that the latest funding will be used to expand its technology platform to drive innovative new products based on digital assets. It added that they will continue to enable institutional players and asset owners that rely on its solutions to run their businesses and provide differentiating services to their clients.
“Our team is focused on creating solutions that enable owners to deploy their assets and liabilities,” said Alex Medana, FinFabrik Co-founder and CEO. “Owners may digitize and fractionalize their tangible and intangible assets, raise capital, and reach investors in a frictionless manner using FinFabrik’s proprietary blockchain and machine learning technologies.”
BitMEX, a crypto trading platform, launched BitMEX Ventures in late 2018 to invests in crypto startups. Its portfolio includes Blockfolio, in which BitMEX participated in a $11.5 million Series A round.
Arthur Hayes, BitMEX Co-founder and CEO, said that they invested in FinFabrik because they believe in its mission of creating institutional-grade investment opportunities that allow everyone to participate in building their own wealth.
“We strongly believe in financial inclusion opportunities and the technology created by FinFabrik will have a lasting impact on the next generation of professional trading tools for digital assets,” Hayes said.
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