$14 million, 7 banks move first, Flow Traders provides liquidity—institutional-level tracks are getting competitive. Next round, let’s see if the valuation can break $100 million.

Rulematch was founded by former Credit Suisse Private Banking executive David Riegelnig in Zurich, offering a crypto trading platform exclusively for financial institutions, supporting BTC/ETH, covering most of the EU, the UK, and Singapore. The platform is non-custodial, settles on a daily net basis, with the first clients being 7 banks/securities firms, and Flow Traders and Bankhaus Scheich Wertpapierspezialist serving as initial market makers. It has raised approximately $14 million from ConsenSys Mesh, Flow Traders, FiveT Fintech, among others, and is currently in a new funding round.