FiveT Fintech, ConsenSys Mesh and Flow Traders make early investment in RULEMATCH

Zürich, Switzerland; 25 October 2023 RULEMATCH today announces the conclusion of its pre-Series A funding round. The capital raise includes investments from FiveT Fintech (formerly known as Avaloq Ventures) along with seed investor, ConsenSys Mesh, the company of Ethereum co-founder Joseph Lubin. Leading global liquidity provider and market maker Flow Traders is also making a strategic commitment to RULEMATCH.

RULEMATCH has built a digital assets trading and clearing venue with world-class partners to meet the specific needs of regulated financial institutions. By offering significantly more capital efficient and lower latency trading, RULEMATCH is helping increase institutional adoption and enable the next evolution of the crypto and digital asset market. The first cohort of RULEMATCH participants is currently testing on the venue.

In advance of its upcoming Series A funding round with the support of FiveT Fintech, Flow Traders and ConsenSys Mesh, RULEMATCH continues to onboard additional financial institutions to its participant network.

RULEMATCH CEO David Riegelnig commented: “One of the greatest value-adds of our investors comes from their long-term perspective on the development of the crypto and digital assets industry and where it is going from here.

Alexander Christen, Co-Founder of FiveT Fintech commented: We remain committed to supporting visionary entrepreneurs who are at the forefront of driving the widespread adoption of distributed ledger technology (DLT), encompassing regulatory compliance, capital efficiency, low latency trading and commission optimization. Our involvement in RULEMATCH serves as the inaugural step for our upcoming initiative, ‘FiveT Fintech II DLT,’ slated for launch later this year.

ConsenSys Mesh Partner and Head of Cryptoeconomics Thomas Rush added: The next generation of crypto market infrastructure is being built today and we firmly believe that RULEMATCH has an essential role to play as our industry moves forward. Consensys Mesh is proud to support their experienced team and focused mission of powering the next evolution of digital assets.

About FiveT Fintech
FiveT Fintech is a venture capital specialist supporting exceptional entrepreneurs redesigning financial services through digitization and the use of cutting-edge technologies. Formerly known as Avaloq Ventures, the team can leverage on a strong network consisting of banks, asset managers and other financial service providers spread across the globe. Being at the forefront of financial innovation, FiveT Fintech advises banks and financial service providers to venture into new areas and provides fintech companies a platform to prosper and scale.