Strands Technologies, Ltd., a Global Fintech, has Secured over USD 3M in Pre Seed Investment

By Grand News Network
June 12, 2024

Independent software vendor (ISV) Strands is a commercial solution that strands together on-chain and traditional markets to power the future of fintech.

Strands, a global Fintech using a proprietary ecosystem of novel smart contracts and transactional gateways to develop the most advanced traditional and decentralized institutional tools ever brought to market has announced a friends and family oversubscribed round totaling over $3M including an investment from Wedbush Financial Services.

This initial round has allowed Strands to build out its founding team, launch several pilots in production, and create its proof of vision starting with Strands Singularity, the firm’s unified interface, seamlessly powered by the elite backend of Strands Connect.

“We’re grateful for the investment as well as the vote of confidence in our vision to seamlessly blur the lines between the Meta and Physical spaces. Strands’ unique ecosystem of transactional gateways are compatible with smart contract endpoints in Defi, Centralized Crypto Exchanges, and major Traditional Exchanges. This allows Strands’ users to execute and automate sophisticated trading strategies and tokenize them, creating unique opportunities and RWA capabilities for Strands’ users.” said Tim Gorham, founder and CEO of Strands. “Strands is a holistic solution tailored to simplify, unify, and cost-optimize finance.”

The Strands Singularity front end solves the problem of operating multiple systems as the single interface allows clients to trade multiple products, run algorithms, tokenize assets, manage risk, and perform fund administrative tasks on one platform. By utilizing Web3 native technology and the high speed, highly scalable Strands Connect infrastructure, users can access new functionality, features, and both Meta and Physical venues at lower costs.

“The Strands team of industry veterans, led by Tim Gorham, is building the next generation of trading platforms based on Web3 technology,” said Bob Fitzimmons, EVP at Wedbush Securities. “Tim and team have architected solutions from the ground up that will not only bring together Defi and Traditional Trading Venues but will move us into the future of trading. Wedbush is proud to support Strands’ vision to power the future of Fintech.”

About Strands Technologies

Strands is a Fintech company, backed by a world-class team of professionals with extensive experience in developing ultra-low latency proprietary trading tools. The firm’s mission is to Power the Future of Fintech by using its proprietary ecosystem of novel smart contracts and transactional gateways to develop the most advanced traditional and decentralized institutional tools. For more information on Strands products, join the Strands community on Discord.

About Wedbush Securities

Wedbush Financial Services is a diversified financial services holding company. Its primary subsidiary, Wedbush Securities, which was founded in 1955, has been a leader in the financial services industry, providing its clients, both private and institutional clients, with a wide range of securities brokerage and processing, wealth management, and investment banking services. Headquartered in Los Angeles, California with over 100 registered offices and nearly 900 colleagues, the firm focuses on bespoke client service and the utilization of advanced technology.