IMMIXa British start-up offering crypto-trading services level institutionalhas just completed a 2.3 million round of financing from MassMutual Ventures and Ripple.
Founded in 2019 in London, IMMIX was originally a hedge fund focused on cryptocurrency. The company later pivoted to offering trading services for institutional investors.
Its ambition: “to help trading Web3 thanks to next-generation technologies”. And to carry out its mission, the start-up can now count on the support of MassMutual Ventures.
The Singaporean crypto VC has indeed led a 2.3 million financing round for IMMIX. The deal includes the participation of renowned US blockchain fintech Ripple.
We believe a new approach to institutional cryptoasset trading infrastructure is needed to unlock massive institutional adoption,” trumpeted IMMIX co-founder Andrew Mann.
IMMIX prides itself on offering a platform with a “ ultra-low latency “. Latency refers to the time interval between the placing of an order and its execution. The strong volatility present on the crypto market naturally drives traders to use low-latency solutions.
Powered by its next-generation financial technologies, IMMIX overcomes the critical challenges of Web3 institutional trading caused by restrictive and expensive infrastructure. This gives those working in a fast-moving, dynamic market a competitive edge,” said Ryan Collins, Partner at MassMutual Ventures.
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