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NEXBRIDGE and NEXPLACE Secure $8 Million for Digital Infrastructure Development

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by Giorgi Kostiuk

4 hours ago

NEXBRIDGE and NEXPLACE have successfully closed an $8 million funding round, accelerating the development of their digital infrastructure.

Funding Round Details

The funding was led by Fulgur Ventures. The capital will be used to accelerate the development of Bitcoin-native financial infrastructure and facilitate trading for retail and institutional clients.

Development of NEXBRIDGE and NEXPLACE

NEXBRIDGE plans to launch new digital assets and pursue additional listings on licensed exchanges. NEXPLACE will accelerate development to prepare for its H2 2025 launch. Both projects operate as separate entities but share a common shareholder group and strategic roadmap.

Strategic Partnerships and Investor Support

Lead investor Fulgur Ventures supports the development of Bitcoin-native infrastructure. They noted that the increasing recognition of Bitcoin in traditional finance emphasizes the significance of NEXBRIDGE and NEXPLACE projects in capital markets. Blockstream also expressed support, highlighting its role in enabling digital asset issuance and trading.

The closure of this funding round will mark an important step in accelerating the introduction of innovative solutions in the field of digital assets and trading.

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