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Finnish Digital-Asset Lender Tesseract Raises $25M in Series A Funding
The company plans to use the money for hiring and product development.
Finnish digital-asset lender Tesseract has raised $25 million in a Series A funding led by U.K. investor Augmentum Fintech.
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- The Helsinki-based firm offers digital-asset lending products, including margin loans, to institutional clients such as hedge funds and retail trading platforms.
- Tesseract partnered with U.K. custody firm Copper in October to launch a margin trading lending service, allowing clients to borrow funds and trade them automatically across different exchanges.
- Other participants in the round included Coinbase Ventures, BlackFin Capital Partners and Jabre Capital Partners Family Office, Tesseract said in an emailed statement.
- Tesseract plans to use the money for hiring and product development.
- The firm said its clients include international financial institutions, which it declined to identify.
Read more: Crypto Lending Firm Ledn Raises $30M From Alan Howard, Coinbase and More
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
