Sovryn Asset Profile

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Location

London UK

Primary Industry

Financial Services

About

Based in London, UK, Sovryn operates as a fintech company that provides a non-custodial and permissionless smart contract-based system for bitcoin. In October 2022, Sovryn raised USD 5.4 million in venture funding led by General Catalyst Partners, with participation from Bering Waters Ventures, Bollinger, and Collider Ventures. As of October 2022, the company wallets have grown to 50,000 individuals. The company is led by CEO Edan Yago. Sovryn develops a bitcoin-native, decentralized trading and lending platform that enables users to exchange bitcoin in a permissionless, non-custodial, and censorship-resistant manner by assuring that users own and control their bitcoin. The platform provides a wide range of financial services, including perpetual swaps, spot and margin trading, borrowing and lending, and liquidity provision across investment pools, all built on bitcoin as the future reserve currency. The company plans to use venture funding for its next phase of growth and product development.

Current Investors

General Catalyst Partners, Collider Ventures, Bering Waters Ventures

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Primary Industry

Financial Services

Sub Industries

e-Financial, Accounting/Finance Software

Website

www.sovryn.app

Verticals

Blockchain, FinTech, FinTech

Company Stage

Early Stage

Total Amount Raised

Subscriber access only

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