Helsinki’s Tesseract, which specialises in bridging institutional capital flow between traditional and digital asset finance has raised $25 million in one of the largest Series A rounds in Finland to date. The startup was founded in 2017 and offers margin lending, OTC lending, partnerships with retail trading platforms, and decentralised finance. Tesseract offers a white-label solution for retail trading platforms, exchanges, custodians, fiat on-ramps and and wallet providers and reports a “one of a kind” margin lending platform in use by hedge funds and market makers. With institutional investment in digital assets on the rise, when compared to traditional finance, the digital side of things is severely underdeveloped, a fact that Tesseract is aiming to change. The firm saw a 20x growth rate year on year and grew the team size almost 7x. “We are witnessing wholesale changes in the infrastructure supporting the crypto space as it evolves to the demands of increasing institutional activity. Following the separation of custody and trading in the first waves of evolution, Tesseract is addressing the next fundamental need in a space that has limited leverage capabilities,” commented lead investor Augmentum Fintech’s Martyn Holman. BlackFin Capital Partners, Concentric, DN Capital, Jabre Capital Partners Family Office, LeadBlock Partners, Icebreaker.vc, and Sapphire Ventures participated in the raise. Industry participants Coinbase Ventures, Wintermute, and Woorton also subscribed to the round along with undisclosed angel investors.