The BCB Group is making strides in the Crypto market and has secured $60 million in funding for its expansion into Europe.
BCB Group is a London-based digital asset technology provider. They recently closed off their series A funding amassing $60 million to expand into the European market.
The funding was co-led by Foundation Capital with participation from PayU (the fintech and e-payments business of Prosus), BACKED VC, Digital Currency Group, Wintermute, Nexo, Menai Financial Group, Tokentus Investment, Circle, Cowa, LAUNCHub Ventures, and Profluent Ventures.
The amount is the largest ever raised for a UK-based blockchain organization. It shows how the acceptance of crypto in the global market is growing. BCB has also secured strategic funding from blockchain.com ventures and North Island Ventures, as well as having existing investors, the likes of Rockaway Blockchain Fund, Pantera, and L1 Digital
Future of BCB Group
The BCB group currently offers its clients functionality in the crypto market. They provide clients with business accounts, foreign exchange market liquidity, and cryptocurrency for the crypto-engaged financial institution. The funding will expand their operations into other regions of Europe. This will allow them to acquire strategic stakes in critical infrastructure partners.
The founder and CEO of BCB Group, Mr. Oliver von Landsberg-Sadie, said: “This game-changing financing backed by both venture capital and strategic client interests, empowers us to accelerate our mission and build bigger, better, deeper infrastructure which is so critical to the growth of this industry.”
BCB Group is making tremendous strides in the cryptocurrency and financial sector. This funding is sure to propel them further into the market while creating a stronger base for crypto on a global scale. This was only the Series A funding, and experts believe that the BCB group is well on its way to creating a massive impact.