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LXDX gets investment from Dymon Asia Ventures to expand its crypto exchange technology

LXDX gets investment from Dymon Asia Ventures to expand its crypto exchange technology

In order to make its cryptocurrency trading and exchange technology services more widely available, startup company LXDX has received backing by Dymon Asia Venture Capital Fund LP, the venture capital arm of Dymon Asia Capital, an alternative investment manager headquartered in Singapore with approximately US$4.9 billion under management.

LXDX, in working with Dymon Asia Ventures, is able to broaden its reach and strengthen its technology offerings. LXDX offers full-spectrum technology services for cryptocurrency exchanges, including software that powers both public retail exchanges and private exchanges for institutional block trading.

With the help of Dymon Asia Ventures, LXDX is making the cryptocurrency space more accessible to investment banks, hedge funds and others accustomed to the reliability and efficiency of conventional markets. The high-speed performance, unified security operations, and data infrastructure built into the LXDX exchange platform enables trading venues to provide a superior trading environment for their investors.

CEO Joshua Greenwald, formerly of SpaceX and founder of Greenlight Trading, a high-frequency trading outfit based in Chicago, describes the company’s origins: “We built LXDX in response to the aversion conventional finance institutions have had to the cryptocurrency space. Joining forces with Dymon allows our team, with decades of trading experience, to bring the qualities of traditional lit and dark exchanges to these new markets.”

A team of experienced financial executives and blockchain experts guide LXDX’s operations. In addition to Dymon Asia Ventures, advisors include cryptocurrency investor and author Arianna Simpson, Justin Litchfield of Prochain Capital, and Alex Disney, formerly of Cumberland Mining. Legal representation includes DLA Piper, Masur Griffitts +, and DF Advocates.

“We are extremely pleased to be a part of LXDX’s mission to improve the infrastructure of cryptocurrency trading”, said Christiaan Kaptein of Dymon Asia Ventures. “We believe that blockchain investors deserve the reliability, performance, and professionalism found in traditional markets. We are thrilled to be supporting LXDX in their vision and execution of a more efficient trading system.”

Source:LXDX

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