Trever Accelerates European Market Growth for Digital Asset Infrastructure
Trever continues fuelling its growth in the European market with a €2.4 million seed investment. The software provides a compatible infrastructure and enables trading, transfer, and bookkeeping of digital assets.
by Natascha Breitegger Company
Graz, July 3rd, 2024 - Trever, an institutional operating system provider for digital assets, continues fuelling its growth in the European market with a €2.4 million seed investment. The software provides a compatible infrastructure and enables trading, transfer, and bookkeeping of digital assets.
Trever provides financial institutions (banks, brokers, and funds) with a state-of-the-art infrastructure to offer and manage digital assets seamlessly. Clients from the DACH region such as V-Bank, Bankhaus Scheich, or Futurum Bank have been relying on the proven system for many years. The time has come to equip banks across Europe with an efficient go-to-market product.
The software provides a compatible single-connection infrastructure and enables trading, transfer, and bookkeeping of digital assets. The modular approach allows financial institutions to start trading with a quick-to-deploy solution and expand it as their business model evolves. This ensures maximum simplicity and flexibility across the entire business process. “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”, comments Hans-Jürgen Griesbacher, CEO of Trever. The funding round was co-led by TX Ventures (CH) and Market One Capital (LUX). Blockchain Founders Capital (DE) and Dr. Alex von Frankenberg joined the round as co-investors.
Hans-Jürgen Griesbacher and Benjamin Rath are the founders and lead the successful team at Trever.
Krzysztof Bialkowski, Managing Partner at TX Ventures, emphasizes his conviction about the investment: “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.”
