Share this article
Finnish Digital-Asset Lender Tesseract Raises $25M in Series A Funding
The company plans to use the money for hiring and product development.
Updated May 9, 2023, 3:20 a.m. Published Jun 21, 2021, 7:00 a.m.
Finnish digital-asset lender Tesseract has raised $25 million in a Series A funding led by U.K. investor Augmentum Fintech.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The Helsinki-based firm offers digital-asset lending products, including margin loans, to institutional clients such as hedge funds and retail trading platforms.
- Tesseract partnered with U.K. custody firm Copper in October to launch a margin trading lending service, allowing clients to borrow funds and trade them automatically across different exchanges.
- Other participants in the round included Coinbase Ventures, BlackFin Capital Partners and Jabre Capital Partners Family Office, Tesseract said in an emailed statement.
- Tesseract plans to use the money for hiring and product development.
- The firm said its clients include international financial institutions, which it declined to identify.
Read more: Crypto Lending Firm Ledn Raises $30M From Alan Howard, Coinbase and More
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Standard Chartered, Coinbase Expand Crypto Prime Services for Institutions
The companies will explore the development of trading, prime services, custody, staking and lending solutions for institutional clients.
What to know:
- The enhanced partnership builds on the existing tie-up between Standard Chartered and Coinbase in Singapore.
- Standard Chartered provides banking connectivity that enables real-time Singapore dollar transfers for Coinbase’s customers.
Top Stories
