STS Digital, a Bermuda-based provider of crypto trading services, has secured $30 million in a strategic funding round led by CMT Digital. The announcement surfaced this week via the company’s official blog.
Company Overview
STS Digital operates a platform that enables institutional clients to trade spot and options on more than 400 cryptocurrencies. The firm also acts as a market maker, providing liquidity across centralized and decentralized venues, alongside structured products. Founded in 2022 by Maxime Seiler, a former Credit Suisse trader, and Gideon Hyams, previously at UBS, the company is headquartered in Zug, Switzerland, but domiciled in Bermuda under local regulation.
Investor Details: CMT Digital, a venture firm focused on cryptocurrency infrastructure, led the round. Participants include Kraken’s parent company Payward Inc., Arrington Capital, Strobe Ventures, F-Prime, BitRock Capital. CMT Digital partner Sam Hallene highlighted the technical challenges in offering broad options coverage, noting STS Digital’s approach to risk management.
Planned Use of Funds
The capital will support scaling of the trading platform, expansion of market-making activities, hiring, and bolstering the balance sheet for larger trades. STS Digital, with nearly 50 employees, reports tripling its annual revenue from 2024 to 2025 and states it is profitable.
Funding History
The company has made investments in projects like Ordinox, a DeFi protocol, in a June 2024 pre-seed round alongside CMS Holdings and others, but this $30 million marks its first disclosed external raise. Total funding to date stands at $30 million based on this announcement.
Market Context
Crypto derivatives platforms have seen sustained interest from institutions amid market volatility, with options used for hedging and yield generation. Comparable raises include funding for other liquidity providers, though specifics vary; the sector reflects a shift toward infrastructure amid retail slowdowns. Broader crypto venture activity remains selective in early 2026, prioritizing regulated, institutional-facing firms.
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