Eight Roads Japan Leads Series A Funding in Binfinity

Binfinity AG announced today that it has raised an undisclosed amount of funding in its Series A round led by Eight Roads Ventures, a global proprietary investment firm backed by Fidelity.

Based in Switzerland, Binfinity AG operates global digital asset exchange platform Binfinity, which was developed by a team of veteran capital markets specialists based in Tokyo, Japan.

The digital asset exchange platform officially opens to the global investor community today having been in stealth beta mode since August.

The platform deploys exchange technology Raptor under license from Fusions Systems. In a statement, Binfinity said it launches with support for five quote assets and 90 pairings with a limit order book matching engine capable of handling over two million transactions per second.

Alongside the official launch of the platform, the Swiss firm is introducing BFC or ‘Binfinity Coin’, an ERC-20 based utility token that rewards investors with discounted trading fees and a share of commissions earned from referred business.

BFC is launched as an IEO on the Binfinity platform and can be purchased by investors using BTC, ETH or USD.

Binfinity AG said it has developed the platform based on its core values of Freedom, Performance and Trust in order to offer a well-regulated, one-stop digital asset management platform suitable for institutions, family offices and retail investors.

David Milstein, Managing Partner of Japan at Eight Roads, the lead investor in this funding round, said finding a startup team with the strength and depth of experience of Binfinity is rare.

“We believe the timing is right for a technologically mature, regulated exchange platform to thrive,” Milstein said.

Eight Roads Ventures is a global proprietary investment firm backed by Fidelity. In the last ten years Eight Roads has invested nearly $6bn into growing companies.

“Binfinity’s long-term vision is to build a platform to enable investors and capital markets professionals to leverage digital assets for long-term sustained competitive advantage. We are thrilled to be working with Eight Roads and Fidelity to bring our vision to market,” said Michael Alfant, CEO of Binfinity AG.