Wyden Sees Growth in 2023 and Aims for Further Expansion

Despite a challenging market, Wyden continued its strategic growth in 2023. The Swiss company, specializing in digital asset trading infrastructure for institutions, announced the acquisition of new clients and the formation of strong partnerships , setting the stage for future expansion and a Series B funding round in 2024.

Despite market turmoil, linked to scandals like that of FTX, and a notable decline in the number of hedge funds, Wyden managed to attract two high-profile sales clients. This brings the total number of its seller clients to 14. At the same time, the company is preparing for its Series B fundraising, while increasing its sales force.

Wyden has also strengthened its strategic partnerships, working with Finnova and Temenos for the banking sector, and with Copper on the buy side, offering an integrated digital asset solution. The addition of more than 55 connection points to its network expands its liquidity offering and execution capabilities for institutional clients.

Positive developments in 2023 provide a solid foundation for planned expansion in 2024, including upcoming Series B funding. Wyden CEO Andy Flury highlights year's success while highlighting infrastructure services reliable and MiCA compliant offered by his company.