NEXBRIDGE and NEXPLACE have announced the closure of an $8 million funding round aimed at developing Bitcoin-based digital asset infrastructure.
Funding Overview
The funding was led by Fulgur Ventures, which will be directed towards creating a platform for trading and issuing regulated digital assets, improving access to these assets for retail and institutional clients globally.
Development of NEXBRIDGE and NEXPLACE Technologies
NEXBRIDGE aims to launch new digital assets and expand its presence on licensed exchanges. The NEXPLACE platform, set to launch in the second half of 2025, will provide users with the ability to trade various digital assets, including asset-backed tokens and cryptocurrencies.
Investor and Partner Support
Fulgur Ventures supports initiatives aimed at building Bitcoin-native infrastructure. Oleg Mikhalsky, a partner at Fulgur Ventures, noted that Bitcoin is becoming increasingly relevant for traditional financial institutions, and NEXBRIDGE and NEXPLACE exemplify real-world applications of this technology.
The provision of access to regulated digital assets on the NEXPLACE platform and the development of NEXBRIDGE's infrastructure highlight the importance of Bitcoin in the modern financial world and the potential integration of traditional financial instruments with digital assets.
