STIX, the leading Over-the-Counter (OTC) Secondaries platform, recently secured a commendable $2.7 million in a successful funding round. Psalion VC spearheaded this fundraising endeavor, underscoring their confidence in STIX’s ability to revolutionize illiquid digital asset trading.
According to Tim Enneking, Managing Partner of Psalion VC, STIX is in a unique position to address significant issues such as limited liquidity, pricing inefficiencies, and higher counterparty risk, currently plaguing the secondary markets in the blockchain and crypto space.
Psalion VC not only invests in STIX but also plans to utilize their services for acquiring and divesting equity and token positions within their VC fund.
STIX boasts a formidable team of experienced experts in Web3, capital markets, private equity, and secondaries. This knowledgeable team drives STIX’s mission forward, utilizing their extensive expertise and hands-on experience.
Impressive Track Record Of STIX
Moreover, STIX has forged strong collaborations with leading digital asset unicorns, demonstrating an impressive track record and unwavering dedication to excellence in the ever-evolving landscape of blockchain and decentralized finance.
STIX focuses on creating a trustworthy, secure, and compliant over-the-counter (OTC) platform that meets the needs of its users. The platform facilitates data-driven price discovery and enhances liquidity in the secondary market.
Additionally, it offers a user-friendly interface to both buyers and sellers. STIX has plans to introduce an array of exclusive risk management and portfolio analytics tools. This suite will further enhance the capabilities of their platform.
STIX has achieved a significant milestone with its successful fundraising effort. This accomplishment brings us one step closer to addressing the pressing issues in the secondary markets for digital assets. Their vision of becoming a trusted liquidity avenue for illiquid digital assets is on the verge of becoming a reality as they prepare to launch their online marketplace in Q4 2023.
Thus, STIX’s emergence as a key player in transforming the crypto space offers professionals and traders an efficient and reliable asset trading solution.
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“The author’s views are for reference only and shall not constitute any investment advice. Please ensure you fully understand and assess the products and associated risks before purchasing.”
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