NEXBRIDGE and NEXPLACE have announced the closure of an $8 million funding round to expedite their development in the bitcoin capital markets arena.
Funding for New Digital Assets
NEXBRIDGE and NEXPLACE have completed an $8 million funding round led by Fulgur Ventures. The funds will be directed towards accelerating the development of bitcoin-native financial infrastructure, focusing on regulation and trading for retail and institutional clients.
New Market Architecture
NEXBRIDGE will utilize the proceeds to launch new digital assets and pursue additional listings on licensed exchanges. The NEXPLACE platform, set to launch in the second half of 2025, will serve as a unified venue for trading a variety of digital assets and will gradually implement more advanced features, such as using tokenized assets as collateral for derivatives.
Investor Support and Strategic Collaboration
Lead investor Fulgur Ventures noted the significance of bitcoin as a unique asset increasingly relevant to institutional finance. Oleg Mikhalsky, a partner at Fulgur Ventures, highlighted the growing recognition of bitcoin as a settlement layer for transactions and tokenized instruments. Representatives from Blockstream also emphasized the strategic importance of their partnership with NEXBRIDGE and NEXPLACE.
The successful funding round will aid NEXBRIDGE and NEXPLACE in launching a new era of asset-linked digital products, offering users more secure access to digital markets. The new financial platform is expected to ensure transparency and regulation at the token level.
