Order driven FX platform with blockchain integration

Cryex

Led by
Lotta Eek
Launched
October 2014
Thesis
Digitization of Finance
HQ
Stockholm, Sweden
Status
Active
Team
Eric Martineau-Fortin
Investment Type
Seed Lead

Foreign exchange (FX) is the largest traded market, with over $5 trillion exchanged daily and a double-digit compound annual growth rate over the past 12 years. However, as large as it might be, the legacy market structure is inefficient. The cost of trading FX is 10-20 times higher for many client segments than trading in equity which, over the past 20 years, has seen transaction costs reduced by 90%. 

Cryex offers the European FX market a way to mend broken business models through a ‘one stop shop’ trading, clearing and settlement model. For selected trading members it proposes the opportunity to trade in a separated market, reducing intermediaries and resulting in a lower cost. By entering into each trade as a single counterparty, it also reduces risk, cost of capital and operational costs, making trading FX easier, faster, cheaper, more transparent and efficient. It’s an innovative financial market infrastructure designed for the future. 

White Star

White Star Capital has brought us skills, capital and a network of people relevant for our sophisticated venture to succeed. Their strong support has helped us through our complex development and towards our first go to market stage.

Anne-Charlotte Bystrōm Eek, CEO
Led by
Lotta Eek
Launched
October 2014
Thesis
Digitization of Finance
HQ
Stockholm, Sweden
Status
Active
Team
Eric Martineau-Fortin
Investment Type
Seed Lead