Blocktrade, a digital asset exchange, has closed one of the largest crowdfunding investments in Luxembourg to date. The company has raised over €22 million from private investors in 33 countries, including over 6000 investors across Europe.
Founded in 2018, Blocktrade is a digital asset exchange with the vision of building an ecosystem around digital assets. The team states that digital asset trading is an exponentially growing market, and Blocktrade is a bridgehead between slow, regulated tokenization services and fast-paced trading communities.
CEO Bernhard Blaha states: “Blocktrade is more than a classic crypto exchange: we are building a complete ecosystem around digital assets, which provides our users with much more than just access to trading tools”. Blaha and his team have grown along with the crypto space and were able to lay the foundation for a modern company with innovative products.”
The fresh funding marks the startup’s first regulated securities offering with the Luxembourg regulator CSSF. With the raised capital, improvements have already been made in operations – particularly in the areas of security, fiat gateway and market-making – and significant growth potential has been identified in the securities prospectus.
The funds will also be used to launch a broad B2C campaign in 2021 to increase their user base, as well as more B2B partnerships that allow Blocktrade to distribute white label features.
