PANews reported on November 14 that according to Bitcoin.com, digital asset trading infrastructure provider Wyden announced the completion of a $16.4 million (CHF 14.5 million) Series B financing round, led by French fintech investment company Truffle Capital, with new investors such as Postfinance, SBI-Sygnum-Azimut Digital Asset Opportunity Fund and Fivet Fintech also participating. Existing investor C3 Venture Capital also participated in the financing.

Wyden said it plans to use the investment to accelerate sell-side expansion among banks, brokers and exchanges. It also plans to enter markets where digital asset operations are regulated like traditional financial services. In addition to integrating another 20 banks, brokers and exchanges, Wyden also plans to strengthen its functions and development center in Poland. Wyden has been expanding its customer base, especially among regulated banks and brokers in Europe. It is actively seeking to cooperate with more banks and brokers in its quest to obtain crypto licenses in various European countries.