Wyden

Wyden is a provider of institutional digital asset trading technology. The company offers a modular trading platform that enables integration with custody solutions, core banking systems, and portfolio management systems. Wyden's platform covers the entire digital asset trade lifecycle, including pre-trade funding, execution, and post-trade settlement.

The platform ensures execution by defragmenting liquidity through market-wide connectivity and end-to-end trade automation and orchestration. It acts as a crypto core banking system for financial institutions like banks, hedge funds, crypto funds, and asset managers. Wyden's advanced smart order routing and execution algorithms help institutions streamline and scale their trading operations efficiently.

Key customers and partnerships

As of August 2024, the company reported serving over 200 institutional clients across 30 countries. Wyden has entered several partnerships to strengthen its product offering and expand its reach.

In May 2023, Wyden onboarded BlockFills, a leading liquidity provider and market maker, as a connectivity partner. This integration enabled Wyden's institutional clients to access BlockFills' liquidity pools and aggregation algorithms. In August 2023, Wyden partnered with Sygnum and Fireblocks to enable crypto asset offerings for the Luzerner Kantonalbank (LUKB)’s 300,000 clients. The setup provides seamless integration with LUKB's core banking system and automation of the crypto asset lifecycle. In December 2023, Wyden expanded its liquidity sources by partnering with Rulematch, a Swiss-based institutional spot trading venue. This integration provided Wyden clients access to Rulematch's BTC and ETH trading pairs using Nasdaq's technology.

In March 2024, Wyden announced a strategic partnership with tradias, the FinTech arm of German securities trading bank Bankhaus Scheich. The collaboration granted Wyden clients access to tradias' deep crypto liquidity and a tokenized money market fund developed with Allianz Global Investors.