Crypto asset financial services provider Scrypt raises $5M in strategic funding to expand operations and development efforts

Swiss-based crypto asset financial services provider, Scrypt, has secured $5 million in strategic funding from Braza Bank, Funfair Ventures, Cabrit Capital, and Atlantic Labs. The funds will be used to expand operations and development efforts. Scrypt, which was founded in 2020 by Norman Wooding and Sylvan Martin, offers a range of institutional-grade crypto services, including trading, custody, and staking for institutions and Web3 companies. The company has over 200 institutional clients and recently received regulatory approval from the Swiss Financial Market Supervisory Authority to launch asset management solutions.