Forex Development Corporation announced today that it has closed an investment deal with Krypton Capital.
FDC is a New York-based company that provides technology packages that equip companies to operate as prime brokers. Krypton is a venture capital firm that invests primarily in fintech and blockchain ventures.
“It is no secret that intellectual capital is driving business transformation and creating real value. At Krypton, we strongly believe in FDC’s leadership and its ability to deliver company and industry-specific software solutions on a continuing basis. FDC has a proven track record in building the next general trading platform and a complete risk management solution. This is completely aligned with our investment philosophy to help accelerate delivery of the latest and unique solutions in the FX and Fintech sector,” said Ilan Tzorya, founder and CEO, Krypton.
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FDC CEO Mitch Eaglstein said: “As one of the world’s most innovative venture capital firm in the space of Blockchain and Fintech, Krypton’s investment underscores the profound confidence in our software development capabilities to deliver cost-effective customized software solutions to the market and an opportunity for FDC to cross-sell its development services to Krypton’s portfolio of companies.”