BCB Group, a European provider of business accounts and trading services for the digital asset economy, has closed a USD4.5 million strategic funding round co-led by North Island Ventures and Blockchain.com Ventures, with participation from Pantera, L1 Digital and Pack Capital

BCB provides accounts and payments processing for the world’s largest digital asset institutions including Bitstamp, Coinbase, Galaxy, and Kraken, in dozens of fiat and cryptocurrencies. BCB Group is the only dual regulated institution to offer clients a complete end-to-end suite of payment processing, cryptocurrency trading and custody services accessible through a unified API-enabled platform, allowing clients to access a complete range of digital asset services in one place.

BCB has enjoyed 19x volume growth over the last twelve months. In February 2021 alone, BCB processed over USD4 billion in payments and trades in dozens of currencies across the world.

The proceeds of the round will be used to fund investments in several new initiatives including BCB Treasury, a service designed to help companies interested in investing in bitcoin as a treasury asset; BCB Yield Accounts, a product offering our clients a return on their positions; and BCB Wealth Partners, a comprehensive crypto service for private wealth clients.

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Source: Private Equity Wire