Scrypt

Based in Zug, Switzerland, Scrypt Digital Trading AG operates as a financial services provider focused on the digital asset class for an institutional clientele. The company was founded in 2020 by CEO Norman Wooding and COO Sylvan Martin. The founders bootstrapped the company, achieving significant trading volume before securing a $5 million strategic funding round in May 2024, led by Braza Bank.

Wooding's background is in academia; he holds a Master of Science in Management and Strategy from the London School of Economics, where he also researched smart contracts in corporate governance and taught a course on cryptocurrency. Martin's journey into the sector was less conventional, transitioning from studying jazz at Zurich University of Arts to exploring blockchain's application in the music industry, which led him to the crypto space. Their combined vision was to institutionalize access to digital assets, addressing the knowledge gap for corporations and financial entities. This shared goal culminated in the creation of Scrypt, which they developed from their basements. Both founders were recognized in the Forbes 30 Under 30 Europe Class of 2023 for their work in the finance sector.

Scrypt provides a single point of access for institutions to manage their digital asset activities, operating through two regulated entities. Scrypt Digital Trading AG is a member of the VQF, a self-regulatory organization that ensures AML compliance, and handles trading, staking, and custody services. Scrypt Digital Investments AG is licensed by the Swiss Financial Market Supervisory Authority (FINMA) as a portfolio manager, offering treasury management and investment advisory services. The firm's business model centers on providing a comprehensive suite of services that simplify institutional engagement with crypto assets. This includes deep liquidity for trading, secure custody solutions, staking services to generate yield, and asset management. The company serves over 200 institutional clients, including crypto-native firms, fintech companies, traditional financial institutions, corporations managing treasuries, and retail crypto apps that use Scrypt's API for liquidity.

The company's core offering is an all-in-one platform designed to mitigate the complexities and risks of dealing with multiple providers. Its trading services feature a Smart Order Routing (SOR) algorithm for optimal execution across numerous trading pairs and fiat currencies. For investors, Scrypt offers secure custody, sophisticated trading order types, and segregated managed accounts. A key service for corporations is treasury management, assisting companies in diversifying cash holdings and facilitating cost-effective cross-border transactions. By operating within Switzerland's regulatory framework, the company emphasizes security and compliance to its institutional partners.

Keywords: digital asset services, institutional crypto, cryptocurrency trading, asset management, staking, crypto custody, fintech, Swiss regulated, treasury management, blockchain finance