Trever, an institutional operating system provider for digital assets, has secured a €2.4M seed investment. Its software provides a compatible infrastructure and enables trading, transfer, and
bookkeeping of digital assets.
Trever provides financial institutions (banks, brokers, and funds) with infrastructure to offer and manage digital assets. Clients from the DACH region such as VBank, Bankhaus Scheich, or Futurum Bank have been relying on its technology for many years and the company has set its sights on banks across Europe.
The software provides a compatible single-connection infrastructure and enables trading, transfer, and bookkeeping of digital assets. The modular approach allows financial institutions to start trading with a quick-to-deploy solution and expand it as their business model evolves. This ensures maximum simplicity and flexibility across the entire business process.
“Our system, developed by industry experts, is ready to equip banks across Europe and beyond. In addition, with prestigious investors on board, we will be able to enter new European markets much more quickly.” commented Hans-Jürgen Griesbacher, CEO.
The funding round was co-led by TX Ventures CH and Market One Capital LUX. Blockchain Founders Capital DE and Dr. Alex von Frankenberg joined the round as co-investors.Krzysztof Bialkowski, Managing Partner at TX Ventures, shared: “Institutional traders need a reliable and efficient go-to-market product, and Trever is bringing the solution on a silver platter for them. Further, we see that regulation in Europe is paving the way both on the supply and demand side which drives adoption to a great extent.
“In sum, the underlying market trends, the banking-grade solution, and Trever’s execution-oriented team are the perfect ingredients to capture this early market.”
This week we tracked more than 60 tech funding deals worth over €376 million, and over 10 exits, M&A transactions, rumours, and r
It is still unclear if there is political will to keep the EU-US Trade and Technology Council going in the wake of the US election. ADVERTISEMENTTh
“As Trump looks to cement his legacy, he may see a chance to leave a lasting impact,” one expert told Euronews Next. ADVERTISEMENTMany Big Tech
Revolut is beefing up its M&A unit, as the UK challenger bank looks to sniff out acquisition targets. Revolut executive Ferran Sost