Institutional crypto trading platform Caspian has today announced that its token sale closed ahead of schedule due to funding targets being met. The company reached its hard cap of US$19.5m through a private and public token sale.
With contributors coming from Canada, UK, Hong Kong, Singapore, Italy, South Korea, Australia and Switzerland, the support and backing for the Caspian platform, which has recently gone live following extensive beta-testing, demonstrates the robust demand for an institutional-grade cryptocurrency trading platform.
David Wills, COO and Co-Founder of Caspian said: “Selling out the crowdsale is a huge milestone in the growth of our company and our journey to build the first institutional grade full-stack crypto trading and risk management platform for professional traders and investors. Caspian is a critical tool to assist the rapidly growing number of financial institutions seeking to trade cryptocurrencies.”
Caspian revealed that around 170 customers are waiting to be onboarded to its platform. Currently, it boasts 15 clients in the onboarding process, including Lykke, ID Theory, Bletchley Park and ex-Point 72 manager Travis Kling’s Ikigai Asset Management. With15 global crypto institutions live and trading on the platform, including Techemy, Blockstars, OSL and Galaxy Digital.
Robert Dykes CEO and Co-Founder of Caspian commented: “The tools institutions need to make serious investments in this space are gaining momentum. With Fidelity announcing the launch of a much needed custodial solution that allows investors to outsource the safekeeping of their assets to a trusted intermediary, coupled with the intuitive and user-friendly nature of a software platform like Caspian for the management of these assets, the floodgates have opened for institutional money to enter the market.”
Mona El Isa founder of MelonPort, and former star trader at Goldman Sachs, who is an advisor to Caspian added, “Cryptocurrencies will play an increasingly big role with institutional players, yet to date, the sophisticated trading and portfolio management tools have not been available for this asset class. It is exciting to see Caspian fill this gap with high-quality crypto-tools.”
Media Contacts
Sara Parsonage
Cryptoland PR
sara@cryptolandpr.com
US: 866–586–5603
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About Caspian
Caspian is a full-stack crypto asset management platform tying together the biggest crypto exchanges in a single interface. The platform also offers compliance, algorithms, portfolio management, risk and reporting. Led by an experienced team of developers, and leveraging the capabilities and resources of two existing, successful financial businesses as its co-build partners, Caspian is building an ecosystem that enables sophisticated traders to operate more efficiently and improve their performance.
For more information, please visit: https://caspian.tech/