TDX Strategies Raises US$2.5 Million in Series A Strategic Financing Round Led by Transcend Capital Partners -Breaking
TDX Strategies announced today that Transcend Capital Partners, the lead investor in the Series A financing round for its business, has closed. The round was also attended by Gobi Partners, Baboon VC and Double Peak Group. Additionally, a number of strategic investors participated. Alameda Ventures is a current investor as well as IWM Ventures. This new financing will fuel TDX Strategies’ development of innovative investment solutions on digital assets and broaden its geographical reach for product distribution.
TDX Strategies is a top-rated platform for institutional derivatives on digital assets. It has been widely adopted by a variety of client segments, including corporates and hedge funds. This has resulted in substantial growth in transaction volumes, with a 1,200% rise in derivatives trades on the platform compared to a year earlier. The company anticipates that the rate of growth will continue to increase.
“TDX has been on an incredible journey, helping clients grow their digital asset investments with the use of derivatives since 2019 and we are just scratching the surface. While mainstream and institutional adoptions are gaining momentum, digital assets have been a key component of well-diversified portfolios. We are excited to welcome our new investors and their unique combination of knowledge, expertise and strategic support which will play a significant part in underpinning the next phase of growth for the company.”
Dick Lo is the founder and CEO at TDX Strategies.
“We will invest significantly into product innovation and technology with a product roadmap that is resolutely focused on generating optimised risk-adjusted returns for clients via smarter ways to access this fast-evolving market”.
Winnie Leung, Managing Partner, Transcend Capital Partners, said: “TDX’s track record since inception has demonstrated the redible work TDX has contributed to fronting the growth of structured products in the digital asset space. Rarely are there teams that can prepare themselves for this opportunity like the team at TDX. With decades of experience managing exotic and derivative products at major investment banks, they have a highly structured risk management approach. Transcend Capital Partners believes in the disruptive potential of new demand, and has diverse leadership. With that, we are truly excited to be supporting TDX as they make significant headways for the digital asset investment ecosystem.”
Bohan Zheng, Investment Manager, Gobi Partners, said: “TDX has established itself as a segment leader with its cutting-edge products, talented team, and trustworthy reputation. We’re excited to be working with TDX as their innovative cryptocurrency-based structured products leads the new age of digital assets investing for institutional investors.”
Alex Cheung, founder partner at Baboon VC further comments:
“We are extremely pleased to be participating in TDX’s Series A. Dick and his team have an exceptional professional track record and remarkable expertise in designing and executing investment products and strategies, synergising their extensive experience in traditional markets with their investment nous on digital assets. We have immense faith in the team and look forward to not only participating, but also playing a meaningful role in the future growth of the TDX platform.”
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