Anthony Scaramucci and Blockchain Founders Fund Invest in TDMM, Setting Stage for $75M Funding Round
TradeDog Market Manager (TDMM) has announced the successful closure of its strategic round of funding, with significant investments from Blockchain Founders Fund (BFF) and Wall Street giant Anthony Scaramucci, Founder of SkyBridge Capital. This strategic round sets the stage for TDMM’s next funding round, aiming to raise $75 million.
- Institutional-Grade Validation: TDMM’s cutting-edge crypto trading solutions now have strong validation for institutional investors and their existing clients.
- Growth and Investment: The strategic investment will drive TDMM’s ambitious growth plans, enabling significant investments in token startups and enterprises.
- Strategic Partnerships: The collaboration with BFF and Anthony Scaramucci brings invaluable expertise and a broad network in both blockchain and traditional finance.
TradeDog Market Management (TDMM), a leader in crypto trading with over $10 billion in trading volume, has secured investment from Blockchain Founders Fund (BFF) and renowned investor Anthony Scaramucci. This joint investment reflects confidence in TDMM’s innovative approach to crypto trading, positioning it as a major player in the global crypto space.
Comprehensive Crypto Solutions
TDMM offers institutional clients extensive crypto market-making solutions, yield management, and exit strategies. The firm also provides liquidity, treasury, and inventory management services to token companies. Integrated with over 60 centralized and decentralized exchanges, TDMM manages more than 100 assets across 300 trading pairs.
“At TDMM, our partnership is more than an investment; it’s a shared vision for the future of crypto trading,” said Saqr Ereiqat, CEO of TDMM. “We are committed to redefining token market making by offering transparent, sophisticated financial services. Together, we aim to revolutionize the market-making landscape and set new industry standards.”
Ateeq Farooqui, Head of Trading and Co-Founder of TradeDog Group, remarked, “Gaurav and I started aggressive crypto trading alongside our mining operations in 2015 to mitigate risks around mined coins. We’ve come a long way and are now onboarding large institutional capital through our extensive services.”
Leading Investors
Blockchain Founders Fund (BFF) is a top venture capital firm investing in early-stage blockchain startups. BFF provides more than financial backing, offering strategic partnerships and access to a network of leading figures in cryptocurrency and traditional finance.
“TDMM is at the forefront of revolutionizing crypto trading with their pioneering solutions,” said Aly Madhavji, Managing Partner at BFF. “Our investment in TDMM reflects 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.”
SkyBridge Capital, founded by Anthony Scaramucci, is a multi-billion dollar alternative investment fund. Known as ‘The Mooch,’ Scaramucci is a seasoned investor with a keen eye for blockchain opportunities. His involvement brings a wealth of experience and a vast network essential for capitalizing on emerging opportunities in Web3.
As digital assets reshape global financial markets, TDMM, guided by Anthony Scaramucci’s insights and BFF’s unparalleled expertise, is poised for continued success in the digital asset sector.
