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In brief: Hong Kong fintech raises seed funding for product innovation
FinFabrik, a Hong Kong-based fintech startup focused on issuing, market making, and trading of digital assets, has raised an undisclosed amount in its seed funding round. Bitmex Ventures, the investment arm of Seychelles-based HDR Global Trading, is the lead investor.
Source: Press release
Founded in 2016, FinFabrik enables asset owners to digitize and fractionalize their tangible and intangible assets, raise capital, and reach investors in a “frictionless” manner via its proprietary blockchain and machine learning technologies.
The startup will use the funding to expand its technology platform to drive product innovation for digital assets, says FinFabrik co-founder and CEO Alex Medana.
Editing by Eileen C. Ang
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