Blockhenge

Blockhenge, Inc. operates as a financial technology firm with a specific focus on the cryptoasset sector, positioning itself as a Bitcoin-first entity. Founded in 2019 and headquartered in Austin, Texas, the company develops sophisticated software solutions tailored for advanced traders and investors in digital currencies. The team behind Blockhenge is composed of individuals with deep-rooted experience in Bitcoin and cryptoassets, some of whom have been involved since the digital currency's inception in 2009. This team comprises software and network engineers, information security experts, and seasoned traders from both traditional and digital asset markets.

The company's core service revolves around its proprietary middleware platform, Cryptomnio. This platform provides a unified developer API that enables programmatic trading across multiple cryptoasset exchanges simultaneously. The primary benefit for its clients, which include advanced traders and businesses, is the ability to manage, balance, and execute trades from a single, proprietary interface, thereby coding once to trade anywhere. In addition to its software solutions, Blockhenge operates an internal proprietary trading desk. This desk utilizes the same Cryptomnio platform for a mix of manual and automated trading strategies focused on Bitcoin-denominated markets, with the goal of taking profit in Bitcoin. Blockhenge also provides services to help businesses integrate cryptoassets into their operations, products, and services.

A notable strategic development occurred in January 2023, when Blockhenge spun off its fund management division into a separate entity named 8Fold Digital Asset Management LLC. This move allowed Blockhenge to sharpen its focus on the Cryptomnio trading platform and its Bitcoin-centric financial services. Following the spin-off, Dustin D. Trammell was appointed as the interim CEO of Blockhenge. The company has secured $650K in funding through a seed round in December 2019 and an accelerator/incubator deal in November 2020, with investors including Hyper Accelerator and Trammell Venture Partners.

Keywords: cryptoasset trading, financial software, Bitcoin financial services, digital currency trading, middleware platform, programmatic trading, unified API, proprietary trading, cryptoasset integration, multi-exchange trading, automated trading systems, Bitcoin-denominated markets, digital asset management, fintech, blockchain technology, crypto exchange middleware, high-frequency trading, algorithmic trading, digital currency solutions, cryptocurrency investment tools