TDX Strategies Raises US$2.5M in Series A Strategic Financing Round Led by Transcend Capital Partners
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Hong Kong, PRC, 5th January, 2022, Chainwire
TDX Strategies has today announced the closing of a Series A funding round led by Transcend Capital Partners. Gobi Partners, Baboon VC, Double Peak Group as well as numerous individual strategic investors also participated in this round. Existing investors include Alameda Ventures and IWM Ventures. This new financing will fuel TDX Strategies’ development of innovative investment solutions on digital assets and broaden its geographical reach for product distribution.
As a leading institutional derivatives platform on digital assets, TDX Strategies has witnessed widespread adoption by diverse client segments including hedge funds, corporates, family offices and high net worth clients which has culminated in significant growth in transaction volumes with a 1,200% increase in the value of derivatives traded on the platform versus a year ago. The company expects the pace of growth to continue to accelerate.
“TDX has been on an incredible journey, helping clients grow their digital asset investments with the use of derivatives since 2019 and we are just scratching the surface. Digital assets have become an integral part of a well-diversified portfolio while institutional and mainstream adoption gathers momentum. We are excited to welcome our new investors and their unique combination of knowledge, expertise and strategic support which will play a significant part in underpinning the next phase of growth for the company.” Dick Lo, Founder and CEO of TDX Strategies elaborated. “We will invest significantly into product innovation and technology with a product roadmap that is resolutely focused on
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