NEXBRIDGE and NEXPLACE have completed a Series A funding round raising $8 million, led by Fulgur Ventures. The funds will accelerate the development of two platforms: NEXBRIDGE and NEXPLACE, designed for trading digital assets.
Investment and Growth Plans
The funding will allow NEXBRIDGE to launch new digital assets and expand its listings on licensed exchanges. Meanwhile, NEXPLACE will accelerate its development and go-to-market execution prior to its scheduled launch in the second half of 2025.
New Blockchain Market Architecture
NEXBRIDGE will provide regulated digital assets with real underlying value. This will allow users access to a variety of digital assets, including tokens and securities. Unlike other platforms, NEXBRIDGE's assets will be regulated at the token level, ensuring transparency and user protection.
Investor Support and Strategic Partnerships
Fulgur Ventures expressed its support for the initiative to create Bitcoin-backed assets. Partner Oleg Mikhalsky noted that Bitcoin is becoming increasingly relevant as an instrument in institutional finance.
The funding for NEXBRIDGE and NEXPLACE highlights the growing interest in digital assets and their integration into traditional financial systems. These companies aim to provide regulated and secure access to new investment opportunities.
