SheeldMarket Raises $10 Million for Crypto Investment Platform

SheeldMarket Secures $10 Million in Series A Funding

SheeldMarket, a cryptocurrency brokerage headquartered in Paris, has successfully completed a $10 million Series A funding round. Atomico led the investment, demonstrating confidence in the company’s vision.

As a broker registered within the European Union, SheeldMarket is focused on providing a compliant pathway for institutional investors to engage with the cryptocurrency market.

Addressing a Gap in the Institutional Crypto Market

Currently, a significant portion of cryptocurrency products geared towards institutional investors are primarily designed for those in the American and Asian markets.

SheeldMarket aims to differentiate itself by catering specifically to the needs of European institutional investors, prioritizing adherence to local regulations and offering a tailored product experience.

Investors Participating in the Round

Alongside Atomico, Semantic also contributed to this funding round.

The round also saw participation from several angel investors, including Pascal Gauthier, the CEO of Ledger, and Alexis Bonillo, co-founder of Zenly.

Simplifying Crypto Investment for Institutions

Traditionally, institutional investors seeking to invest in cryptocurrencies have faced complexity, requiring interaction with multiple service providers. These include exchanges, custodians, and over-the-counter (OTC) platforms.

SheeldMarket streamlines this process, offering a more integrated solution for its clients.

How SheeldMarket Facilitates Trading

Clients of SheeldMarket can deposit funds directly with the brokerage.

The platform then executes market orders across a network of crypto exchanges and OTC platforms, automatically directing orders to the venue offering the most favorable exchange rate and sufficient liquidity.

The average order size processed on the platform is $150,000.

Client Testimonial

Benjamin Tsai of Wave Financial stated, “We appreciate SheeldMarket’s advanced platform because it allows us to execute very large trades across multiple global crypto exchanges, in a regulated way, using advanced algorithms.”

He further noted that this capability has significantly reduced time, manpower, and trading costs compared to manual execution.

Future Plans: DeFi Integration

SheeldMarket intends to expand its offerings by integrating with decentralized finance (DeFi) protocols.

This integration will potentially unlock access to high-yield opportunities for its financial investor clientele.

The Potential of Prime Brokers in the Crypto Space

The company recognizes that institutional investors are not solely interested in exposure to cryptocurrency price fluctuations.

DeFi presents a wealth of opportunities through innovative and sophisticated financial products, and institutional investors consistently seek broader market access and product diversification.