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Swiss Digital Asset trading company Wyden (former AlgoTrader) announced the closing of its CHF 14.5 million Series B round.
It was financed by Truffle Capital, a Paris based global fintech investment firm, with participation from new investors PostFinance, SBI-Sygnum-Azimut Digital Asset Opportunity Fund, and FiveT Fintech, as well as existing investor C3 Venture Capital.
Strategic expansion driven by global digital asset regulation
Wyden will leverage these funds for strategic growth, targeting new markets and further intensifying its sell-side expansion for banks, brokers and exchanges. With a clear focus on regulatory compliance, Wyden plans to extend its reach into markets where digital asset operations are regulated with the same rigor as traditional financial services, such as the EU, Switzerland, Turkey, the UAE, Singapore, Hong Kong and Brazil.
Wyden expands European development hubs and sales functions
During 2025, the company aims to integrate up to 20 additional banks, brokers and exchanges into its ecosystem, supported by an expanded team of 100 professionals – with a core focus on strengthening both sales, marketing, product and delivery functions as well as Wyden’s development hubs in Poland.
Wyden has been successfully increasing the number of regulated sell-side clients who rely on Wyden for their critical front, middle and back office digital asset functions. Current clients include renowned banks, online and neo-brokers such as Banque Delubac (France), Smartbroker+ and Baader Bank (Germany), Luzerner Kantonalbank and InCore Bank (Switzerland) and other large banking clients.
Andy Flury
Andy Flury, founder and CEO of Wyden, remarked,
“We are thrilled to solidify our position as a global leader in institutional digital asset trading infrastructure with this Series B funding. Combined with our flagship product Wyden Infinity, we are well equipped to meet the surging demand for secure and efficient trading infrastructure for regulated financial services institutions.”
Alexander Christen
“With this investment, FiveT Fintech underscores its commitment to shaping the future of digital assets. By joining forces with Wyden’s leadership, we are ready to deliver the industry’s most advanced digital asset trading technology,”
added Alexander Christen, Co-Founder and CEO of FiveT Fintech.
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