Symbridge’s trading system operates an issuance platform for the private placement of securities and facilitates secondary trading in a range of digital asset securities.
Symbridge has been granted membership approval by FINRA for its broker-dealer operating as an alternative trading system (ATS) to facilitate trading in digital asset securities.
Digital asset securities traded on the platform will have ownership information tracked using blockchain technology and the ATS is scheduled to launch in the coming months.
Alexander Kravets, CEO of Symbridge Holdings, said: “The formation of Symbridge Capital is a major step forward in bridging the divide between the exchange of digital assets via blockchain technology and the world of traditional finance. We are proud to be on the front lines of this disruption, as we remain focused on solving for the problems that have, until now, kept many professional traders and institutional clients on the sidelines of the digital asset revolution. We look forward to being a driver of continued innovation in this space.”
Symbridge’s trading system operates an issuance platform for the private placement of securities and facilitates secondary trading in a range of digital asset securities.
Sean Bowden, CEO and CCO of Symbridge Capital, said: “We are proud to be one of the initial ATSs in this space. We are building a full-service securities issuance and trading ecosystem that caters to the needs of institutional clients and professional traders and will offer seamless access to a growing list of various digital asset securities, ranging from traditional privately offered securities to various investment trust structures, leveraging blockchain technology.”
The new FINRA member broker-dealer, operating an alternative trading system (ATS) for digital asset securities, is a subsidiary of Symbridge Holdings, a Connecticut-based company that addresses the needs of institutional and accredited investors.
Earlier this year, the firm raised $9 million to fuel the broker’s expansion. The strategic investment was led by newcomer investor Traxys North America LLC (Traxys), a leading physical commodity trader and merchant in the metals sector.
Traxys is diversifying into new trading markets with its investment in Symbridge. The partnership will also support Symbridge in meeting increasing investor demand for digital representation of physical commodities.
“Symbridge will leverage this capital infusion and new partnership with Traxys to further amplify and scale our digital asset ecosystem,” said Alexander Kravets
“Traxys’ experience and deep expertise in the global commodity trading and metals sector will fuel our ongoing product innovation and empower us on our mission to offer sophisticated investors the most exciting, innovative, and reliable way to trade digital assets. This round of capital will also enable us to build out additional business lines as we enter into a phase of rapid growth and development.”
