Fyde Treasury Secures $3.2 Million in Seed Funding Round for Crypto Treasury Management Solution
19.12.2023 12:52:00 EET | Business Wire | Press release
Fyde Treasury, a blockchain technology company led by a former NASA scientist, has closed 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.
Unleashing On-Chain Treasury Management
In the realm of cryptocurrency, effective treasury management entails overseeing the value of tokens created by blockchain smart contracts. Fyde Treasury has pioneered a solution for a secure, non-custodial, “liquid vault" tailored for holders of cryptocurrencies. Owners deposit a variety of digital assets into the liquid vault, retain ownership over their tokens and gain enhanced performance. This enables users to receive a systematic approach to mitigating risk in DeFi in a simple, painless solution. Additionally, users will be incentivised to trade the liquid vault token $TRSY, offering a reliable and efficient payment avenue.
The protocol is stress tested and optimised by a simulation engine. This system uses heuristic and stochastic agent-based modelling to model tokenomic designs and create aligned incentive structures between blockchain companies, decentralised computers, and token holders.
The injection of funds will propel Fyde's mission to confront the substantial challenges of overseeing multi-billion dollars of on-chain crypto treasury tokens. The imperative for a decentralised solution has become increasingly urgent in the wake of the setbacks faced by centralised, non-transparent crypto companies in 2022, coupled with the persistent volatility within the sector and the growing instability of conventional banking systems.
Fyde Treasury Protocol has recently launched on Ethereum in December 2023. The team extends an invitation to join Fyde Treasury Protocol during their liquidity on-ramping process and accrue FYDE points.
About Fyde Treasury
Fyde Treasury is designed to unleash the crypto treasury management ecosystem by introducing a liquid vault that enables a solution useful for beginners to power users in a compliant and crypto native manner. It effectively handles the four pillars of crypto treasury management: asset diversification, yield generation, token liquidity, and governance preservation. The company was founded in Q3 2022.
For more information about Fyde Treasury, please visit Website or contact gm@fyde.fi
Social Media: Twitter | Linkedin
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231219912941/en/
Contact information
Behrin Naidoo
Head of Strategic Finance & Co-Founder
Phone: +44 (0) 7547 141446
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Enry’s Island Unveils “Enry’s Island Adventures”: Venture Capital Becomes a Videogame and Launches the “Strap” Movement on Kickstarter3.4.2026 10:47:00 EEST | Press release
Enry’s Island SpA (WBAG: EIOS), the world’s first publicly traded Venture Builder, today announced the upcoming Kickstarter launch of Enry’s Island Adventures (EIA), developed by its New York-based portfolio company, Enry’s Island Adventures LLC. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260402548535/en/ The game is designed to make venture capital accessible to new generations, transforming startup creation into an engaging and social gaming experience. After three years of R&D, EIA introduces a "bleisure" model (business + leisure): players learn to launch and manage startups through gameplay that includes real business KPIs, a customizable and evolving personal island, synchronous and asynchronous multiplayer modes, social events, and community-driven seasonal missions. The “VC revolution”: teaching and democratizing through play "I agree with Elon Musk that the best way to teach is through a video game, and this is
SES Announces Results of the Annual General Meeting2.4.2026 17:49:00 EEST | Press release
SES (the “Company”) held the Annual General Meeting (“AGM”) of Shareholders today in Betzdorf, Luxembourg. Following the recommendations made by the Board of Directors of SES, the shareholders have voted in favor of all resolutions, including the Company’s 2025 annual accounts and the proposed annual dividend of EUR 0.50 per A-share (EUR 0.20 per B-share). The total dividend amount comprises the interim dividend of EUR 0.25 per A-share (EUR 0.10 per B-share), which has already been paid to shareholders on October 16, 2025. The final dividend of EUR 0.25 per A-share (EUR 0.10 per B-share) will be paid to shareholders on April 16, 2026. “I would like to sincerely thank our shareholders for their active engagement, visionary support and continued confidence in SES’ strategy,” said Adel Al-Saleh, CEO of SES. “The outcomes of today’s AGM underscore our shared commitment to a bold multi-orbit approach, with Medium Earth Orbit as the strategic backbone of a dynamically evolving global interco
Forrester: Three Years Into GenAI, Enterprises Are Still Chasing Its True Transformative Value2.4.2026 17:00:00 EEST | Press release
According to Forrester’s (Nasdaq: FORR) latest report, Accelerate Your AI Voyage, most enterprises are struggling to turn growing AI adoption and investment into measurable business impact. One of the key factors holding businesses back is low artificial intelligence quotient (AIQ) — Forrester’s measure of AI aptitude — with many employees lacking a clear understanding of how to use AI. Other barriers include an overemphasis on productivity-focused use cases, difficulty measuring impact, and siloed adoption within individual functions. While these challenges can leave firms frozen in doubt or indecision, the wait-and-see approach to AI adoption is no longer viable. To unlock AI’s full potential, organizations need to focus on four key areas: Define the business outcomes and success metrics for what they want AI to achieve; identify specific use cases for AI deployment aligned to those business outcomes; establish a structured runway to plan, test, and strategically time the deployment
Andersen Consulting Adds Multiplica2.4.2026 16:30:00 EEST | Press release
Andersen Consulting enters into a Collaboration Agreement with Multiplica, a digital consulting firm that helps organizations design, build, and scale impactful digital experiences. Founded in Spain with a presence in Latin America and the U.S., Multiplica focuses on user research and discovery, customer experience research, digital strategy, data modeling and analysis, report automation and data visualization, conversion rate optimization, product design, and user experience design. The firm helps organizations accelerate digital transformation by building digital capabilities, teams, and assets that advance expertise across digital products, consulting, and talent development. Multiplica enables clients to forecast emerging trends in digital experience and transform their businesses through enhanced digital channels and customer engagement. “Collaborating with Andersen Consulting represents an exciting opportunity to extend our reach and impact,” said David Boronat, CEO of Multiplica
Brightfin Unifies Brand Following Proven Optics Merger, Delivering a New Standard for Technology Cost Optimization2.4.2026 16:00:00 EEST | Press release
Brightfin today announced that, following its merger with Proven Optics, the combined company will operate under a single brand: Brightfin. The unified company brings together deep expertise in Technology Expense Management (TEM) and IT Financial Management (ITFM) to help organizations better understand, manage, and reduce total technology spend. Technology spending will exceed $6 Trillion this year, and for most organizations, it remains one of the least understood. CIOs can tell you what they’re spending. Far fewer can tell you whether it’s working. “Over the past several months, we’ve brought these two businesses together around a shared purpose: help enterprise businesses better understand and optimize their technology spend,” said Joel Martins, CEO of Brightfin. “What we are seeing now is a shift. Visibility alone isn’t enough. Teams need to be able to act, tied to real financial outcomes. See Clearly. Spend Better. That is our north star, and that is what our platform is built to
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom