TechFlow news, David Riegelnig, a former private banking executive at Credit Suisse AG, has launched a cryptocurrency trading platform targeting banks and securities firms, betting on the growing participation of traditional financial institutions outside the United States in digital assets.
The company's executive said the platform has started trading Bitcoin and Ethereum and is now available to clients across most EU countries, the UK, and Singapore. The firm has raised $14 million from investors including ConsenSys Mesh—founded by Ethereum co-founder Joseph Lubin—Flow Traders, and FiveT Fintech, and is currently conducting a new funding round. Riegelnig left Credit Suisse in 2015, where he served as Head of Operational Risk for private banking, and co-founded Rulematch, a Zurich-based startup that provides cryptocurrency trading venues exclusively for financial institutions.
