Enhanced Digital Group (EDG), a provider of digital asset derivatives solutions, said StoneX Digital, a division of StoneX Group Inc. (Nasdaq: SNEX), led its Series A financing round.
Founded in 2021 by Chris Bae and Chetan Sennik, EDG said it serves institutional clients including asset managers and corporations seeking treasury and portfolio solutions in the digital asset market. StoneX Digital, which launched in June 2022, said it provides institutional clients with digital asset trading tools and market access, positioning itself to meet growing demand for regulated counterparties in crypto markets.
As part of the investment, StoneX said it will partner with EDG to offer options trading and related solutions to StoneX’s client base, leveraging EDG’s derivatives experience.
KEY QUOTES:
“We are proud to have StoneX lead our Series A. As the industry matures, this is the type of investment and partnership that speaks to the evolving intersection of traditional finance and digital assets.”
Chris Bae, CEO, Enhanced Digital Group
“StoneX continues to prove its willingness to innovate in support of its global client base.”
Brian Mulcahy, CEO, StoneX Digital
