Fyde Treasury Secures $3.2 Million in Seed Funding Round

Fyde Treasury has pioneered a solution for a secure, non-custodial, “liquid vault" tailored for all cryptocurrency holders, from beginners to power users.

Fyde Treasury, a blockchain technology company led by a former NASA scientist, hasclosed a $3.2 million seed funding round marking a major stride towards tackling a critical industry concern - the management and scalability of on-chain crypto treasury holdings. The round was spearheaded by OP Crypto Ventures, with investments from Arrington Capital, Big Brain Holdings, and Merit Circle, among other notable funds and angel investors.

"We are more than excited to collaborate with Fyde in a long-lasting partnership. As Fyde progresses and their platform is released, we’re thrilled to function as the bridge between ourselves and other portfolio companies within the DAO. Each and every single one of them faces the same challenges of managing a treasury." – Tommy Quite, CFO & Co-Founder of Merit Circle

Fyde's founding team draws on a wealth of experience hailing from global financial institutions, web3, and academia. Team members hold distinguished PhD backgrounds and research positions from institutions such as Stanford, Cambridge, UCLA and business degrees from London Business School.

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