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Fidelity, Nasdaq Ventures invest in cryptocurrency exchange ErisX

Chicago based crypto spot and futures exchange has raised $27.5m from Fidelity and Nasdaq Ventures.

The investments will be used to hire staff and “build out our infrastructure and secure the appropriate steps are taken to develop a regulated market for digital assets,” ErisX Chief Executive Officer Thomas Chippas said in a statement. The Chicago-based company closed on a first round of investment in October, which included funding from retail brokerage TD Ameritrade Holding Corp(AMTD.O), private equity firm Valor Equity Partners and Cboe Global Markets Inc(CBOE.Z).

Tags

cryptocurrency, capital markets