TLDR:
SCRYPT has secured $5 million in strategic funding, doubling their client book and increasing trading volume significantly. The company offers a range of crypto services and has received Swiss regulatory approval for asset management solutions. The funding round was led by Braza Bank and included participation from other venture capital firms. SCRYPT plans to expand into LATAM and capitalize on the region’s growing crypto market.
Article Summary:
SCRYPT, a leading provider of crypto asset financial services, has closed a $5 million strategic funding round led by Braza Bank, with participation from other venture capital firms. The company has seen substantial growth, doubling its client book and increasing trading volume 18 times year on year. Founded in 2020, SCRYPT has become a key player in the Swiss fintech sector, offering services such as trading, custody, and staking to over 200 institutional clients.
Norman Wooding, Founder & CEO of SCRYPT, expressed excitement for the company’s future, especially as they enter the LATAM market. The participation of Braza Bank in the funding round highlights the increasing adoption of crypto by institutions. Marcelo Sacomori, Founder & CEO of Braza Bank, praised SCRYPT’s expertise and regulated infrastructure, making them an ideal partner for launching cryptocurrency services.
Sylvan Martin, Founder & COO of SCRYPT, emphasized the importance of the funding round in scaling operations and enhancing product offerings. With a focus on institutional-grade crypto asset services, SCRYPT aims to meet the growing demands of clients worldwide. The company received Swiss regulatory approval for asset management solutions, further solidifying their position in the market.
