Swiss startup Crypto Finance has secured a €13.3 million Series B round led by Swiss investor Rainer-Marc Frey and Beijing-based Lingfeng Capital, with support from Hong Kong’s QBN Capital and others. The fintech startup will use the funding to continue expanding internationally, where the majority of its clients reside.
Based in Zug, the company offers asset management, trading, tokenisation, and storage solutions for institutional investors. The new investment, which brings the company’s total funding to €34.2 million, creates new connections between the fintech sectors of Europe and the Asia Pacific region.
“The robust financial regulatory field and vibrant crypto community attracted QBN to invest in Switzerland. Crypto Finance is one of the best in its ranks. Digital asset trading is here to stay, and we can learn from Swiss experience,” said Dr. Frank Tong of QBN Capital.
Dr. Ming Shu, partner at Lingfeng Capital, echoed that sentiment: “We look forward to building a bridge between Europe and Asia with Crypto Finance, and the convergence of traditional and digital asset classes.” Dr. Shu will join the Swiss company’s board.
Photo: Crypto Finance CEO, Jan Brzezek