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Enhanced Digital Group Announces Series A Financing

NEW YORK--(BUSINESS WIRE)--Enhanced Digital Group Inc. ("EDG") announced today that StoneX Digital, a division of StoneX Group Inc. (NASDAQ: SNEX), led EDG’s Series A funding round.

EDG was founded by Chris Bae and Chetan Sennik in 2021 to provide derivatives solutions in the digital asset space. EDG serves institutional clients across asset managers and corporations seeking treasury and portfolio solutions.

StoneX Digital launched in June of 2022 with a mission to provide institutional clients with sophisticated digital asset trading tools and market access. As financial institutions turn to regulated, established entities for their digital asset needs, StoneX Group's robust product portfolio and geographical scale deliver the security and reliability that the market demands.

As part of the investment, StoneX will partner with EDG’s team, backed by over 100 years of derivatives experience, to offer options trading and solutions to its client base.

EDG’s CEO, Chris Bae, commented, “We are proud to have StoneX lead our Series A. As the industry matures, this is the type of investment and partnership that speaks to the evolving intersection of traditional finance and digital assets.”

Brian Mulcahy, CEO of StoneX Digital, added, “StoneX continues to prove its willingness to innovate in support of its global client base.”

For more information, please visit www.enhanceddigital.group and www.stonex.com.

Contacts

For press inquiries contact info@enhanceddigital.group

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Enhanced Digital Group Inc.

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Contacts

For press inquiries contact info@enhanceddigital.group

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