Market

Gate.io venture capital investment in SEBA

Gate Ventures, the venture arm of global digital asset exchange Gate.io, has announced its participation in SEBA Bank’s $119 million Series C round as an associate member with Altive. Founded in 2018, SEBA Bank is headquartered in Zug, Switzerland and is licensed by FINMA to provide banking, trading and digital custody services to institutional and high net worth investors (HNWIs).

Currently, SEBA is supported in more than 25 countries and regions worldwide with an annual growth of more than 1,400% in trading volume.

Gate Ventures believes that SEBA has the benefit of capturing the growing adoption of digital assets by institutions, which in turn will transform the entire crypto market. Following the funding round, SEBA will seek to apply for licenses in Abu Dhabi, Hong Kong and Singapore, expand operations and strengthen its presence in key geographies.

“Gate Ventures was founded with the aim of investing in exciting new companies in the crypto space. We believe that the crypto banking market still has a lot of room to grow, creating a good opportunity for innovators to drive growth. As more participants enter the industry to better meet the growing demand for institutional custody and enable investors to safely store and use cryptocurrencies, we believe SEBA is in a unique position for growth,” said Marie Tatibouet, Marketing Director at Gate.io.

The crypto market has just seen its first wave of institutional inflows and Gate Ventures firmly believes now is the right time to invest in digital banks like SEBA. With the adoption of more cryptocurrency banking providers, institutional adoption is expected to increase sharply in the coming years. Once the bridges are made between TradFi and decentralized finance, it is inevitable that mass adoption will follow.

About Gate Ventures

Gate Ventures is a global venture capital firm focused on investing in decentralized infrastructure, ecosystems and applications that will reshape the world in the digital age. Backed and supported by the Gate.io ecosystem, Gate Ventures provides the crypto community with funding, operational resources and expertise for next-generation innovation.

This article is for informational purposes only, this is not investment advice!!!

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

VanEck Pyth ETN Now Available in Europe

The VanEck Pyth ETN, backed by assets stored in cold storage with Bank Frick, has…

13 mins ago

Swift, UBS, Chainlink Complete Pilot for Global Tokenized Fund Settlement Network

Swift, UBS Asset Management, and Chainlink have completed a proof-of-concept that would settle tokenized fund…

16 mins ago

Jambo and Lif3 Partner to Make Crypto Payments Accessible to Millions of Users in Emerging Markets

Abu Dhabi, United Arab Emirates, 5th November 2024, Chainwire

20 mins ago

Jito and Solana Outpace Ethereum in 24-Hour Fee Revenue

According to data from SolanaFloor, Jito and Solana's 24-hour protocol fee income has surpassed Ethereum's…

53 mins ago

Which 3 Altcoins Will Skyrocket the Most in the Next Big Bitcoin Rally?

As the crypto market is about to witness the next big Bitcoin surge, Rexas Finance,…

1 hour ago

Gate.io Shatters Records in Total Trading Volume in Q3 2024, with Its User Base Surpassing 17 Million

In the third quarter of 2024, despite a challenging market environment, Gate.io maintained strong growth…

2 hours ago

This website uses cookies.