Trever, an institutional operating system provider for digital assets, has raised €2.4 million in seed funding. The company’s software provides a compatible infrastructure to facilitate transactions, transfers and
Digital asset bookkeeping.
Trever provides financial institutions (banks, brokers and funds) with infrastructure for offering and managing digital assets. Clients in the DACH region such as VBank, Bankhaus Scheich and Futurum Bank have relied on the company’s technology for many years, and the company has its sights set on banks across Europe.
The software provides a single, compatible connection infrastructure to enable trading, transfer and bookkeeping of digital assets. A modular approach allows financial institutions to start trading with a fast-to-deploy solution and scale it as their business model evolves, ensuring maximum simplicity and flexibility across all business processes.
“Developed by industry experts, our system is ready to be implemented by banks across Europe and beyond. What’s more, the addition of renowned investors will enable us to enter new European markets even faster,” said CEO Hans-Jürgen Griesbacher.
The funding round was co-led by TX Ventures CH and Market One Capital LUX. Blockchain founders Capital DE and Dr. Alex von Frankenberg participated as co-investors. Christoph Bialkowski, Managing Partner at TX Ventures, said: “Institutional investors need a reliable and efficient market entry product, and Trevor is providing them with a solution. Additionally, European regulation is paving the way on both the supply and demand side, which we believe is a major driver of adoption.”
“In short, Trever’s fundamental market trends, bank-grade solutions and execution-oriented team are the perfect ingredients to capture this nascent market.”
