Bit2Me, the leading digital asset company in the Spanish-speaking market and registered with the Bank of Spain, has just closed a participatory investment agreement with Cecabank with the aim of boosting the growth of the Bit2Me API offered to Spanish and international institutions, companies, banks and financial entities. This new investment demonstrates once again that the traditional banking sector increasingly trusts players like Bit2Me, which operate in a regulated environment, providing security to their clients.
The initiative is part of the Inizia program, deployed by Cecabank to capture growth opportunities in the Fintech, Insurtech and Regtech segments. With this alliance, Cecabank consolidates its roadmap as a leading provider of post-trading services for digital assets, equivalent to what already occurs in the fiat universe, and strengthens its capabilities in the face of the changes and developments that the new European regulation on cryptoassets will entail.
With this participatory investment, Cecabank joins the round initiated by Bit2Me in June 2023 with Investcorp, Telefónica Ventures, Stratminds and Emurgo, as well as the capital injection provided by BBVA Spark at the beginning of 2024, demonstrating the trust generated by Bit2Me among large companies and banks by operating transparently, with a clear business model and roadmap, and having its tax headquarters in Spain.
According to Leif Ferreira, CEO and co-founder of Bit2Me“This investment, along with previous ones, reflects the trust that large companies and banks have in our transparent approach and our solid roadmap. With our API, we are facilitating secure and efficient access to the crypto ecosystem for banks, companies and institutions, and this partnership with Cecabank will allow us to further expand our offerings and reach a wider audience.”
In view Abel Peña, Chief Sales Officer at Bit2Me“This new investment agreement with Cecabank marks a significant milestone for Bit2Me on our path to expanding and improving our services that are already being used by dozens of financial and institutional clients. This investment not only demonstrates confidence in Bit2Me as a trusted partner, but also underlines our determination to drive the adoption of digital assets in the corporate sphere. We are ready to seize this opportunity and take our offering to the next level.”
Pablo Casadio, investor and Chief Financial Officer of Bit2Me, said that “this investment comes at a crucial time for the sector, where trust is being placed in exchanges that operate transparently and with a clear tax domicile, and will allow us to boost our activity. This investment by a banking entity in a cryptocurrency company is proof that the adoption that will come in 2024 will be at all levels.”
According to Aurora Cuadros, Head of Securities Services at Cecabank and responsible for the bank's digital asset initiatives, "Cecabank is committed to serving institutional investors and financial institutions interested in operating in the digital asset universe with the same standards of quality and excellence that we already deploy in the securities landscape. The alliance with Bit2Me represents another step on that path."
