Trever, an institutional operating system provider for digital assets, has recently announced a significant boost to its growth with a €2.4m seed investment.
This funding is aimed at enhancing its presence in the European market.
The investment round was co-led by TX Ventures (CH) and Market One Capital (LUX), with Blockchain Founders Capital (DE) and Dr. Alex von Frankenberg also joining as co-investors.
At its core, Trever provides a sophisticated infrastructure that supports trading, transfer, and bookkeeping of digital assets. Its software is designed to seamlessly integrate into the systems of banks, brokers, and funds, offering a robust platform for managing digital assets.
The newly acquired funds will be used to expand the availability of Trever’s systems to banks across Europe.
The company aims to equip financial institutions with a go-to-market product that simplifies the digital asset management process.
Hans-Jürgen Griesbacher, CEO of Trever, shared his enthusiasm for the new investment: “Our system, developed by industry experts, is ready to equip banks across Europe and beyond. In addition, with prestigious investors on board, we will be able to enter new European markets much more quickly.”
Krzysztof Bialkowski, Managing Partner at TX Ventures, noted, “Institutional traders need a reliable and efficient go-to-market product, and Trever is bringing the solution on a silver platter for them. Further, we see that regulation in Europe is paving the way both on the supply and demand side which drives adoption to a great extent. In sum, the underlying market trends, the banking-grade solution, and Trever’s execution-oriented team are the perfect ingredients to capture this early market.”
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