UAE and Indian based TradeDog Market Management (TDMM), a global leader in crypto trading with over $10 billion in trading volume, has secured investment from prominent venture capital firm Blockchain Founders Fund (BFF) and renowned Wall Street investor Anthony Scaramucci founder of SkyBridge Capital.
This strategic investment fuels TDMM’s ambitious growth and investment plans. The capital influx will be instrumental in securing strategic investments in Token Startups and Enterprises. The next round will seek to raise $75 million.
TDMM is acrypto market-making solutions provider, offering comprehensive yield and exit management services to institutional clients worldwide and liquidity, treasury, and inventory management to token companies. It is integrated with 60+ CEXs and DEXs and manages 100+ assets across 300+ pairs.
“At TDMM, we see our partnership not just as an investment, but as a shared vision for the future of crypto trading,” said Saqr Ereiqat, CEO of TDMM. “We are committed to redefining Token Market Making (MM) by engaging transparently with our clients, providing sophisticated financial services, and the execution, a token needs to thrive and succeed. Together, we aim to revolutionize the landscape of MM and set the golden standard of collaboration and mutual success.”
Ateeq Farooqui, Head of Trading and Co-Founder of TradeDog Group responded, “Gaurav and I started aggressive crypto trading alongside our mining operations in 2015 to mitigate our risk around the mined Coins. We’ve come a long way from there and we are working towards onboarding large institutional capital through our extensive suite of services.”
BFF is a prominent venture capital powerhouse that invests globally in top-tier, early-stage blockchain startups at the seed and pre-seed stages. The fund leverages its extensive industry knowledge and network to empower these companies and drive innovation within the blockchain space. BFF extends beyond traditional financial backing and cultivates a collaborative partnership with its portfolio companies, providing access to a curated network of leading figures in cryptocurrency and traditional finance sectors.
“TDMM is at the forefront of revolutionizing crypto trading with their pioneering solutions. Our investment in TDMM is a testament to our belief in their vision and capabilities. We are excited to support TDMM as they set new industry standards and drive the future of institutional engagement in the digital asset market.” – Aly Madhavji, Managing Partner, Blockchain Founders Fund.
Skybridge Capital is a Multi-Billion Dollar Alternative Investment Fund founded by Anthony Scaramucci, an Investor at Blackrock’s Bitcoin ETF, iShares. He also founded SALT, one of the world’s largest conferences for Fund Allocators and managers.
