Cecabank Invests in Bit2Me to Support the Boost of the API for Banks

Cecabank Invests in Bit2Me to Support the Boost of the API for Banks

Bit2Me, the leading digital assets company in the Spanish-speaking market and registered with the Bank of Spain, has just closed an investment agreement with Cecabank aimed at boosting the growth of Bit2Me’s API offered to Spanish and international institutions, companies, banks, and financial entities.

This new investment once again demonstrates that the traditional banking sector increasingly trusts players like Bit2Me, who operate in a regulated environment, providing security to their clients.

Cecabank, known as the Iberian bank for banks, with 310 billion euros of assets under custody, is a leader in Securities Services, Payments and Treasury services in Iberia. With this investment, it joins the ones Bit2Me received in June 2023 from Investcorp, Telefónica Ventures, Stratminds, and Emurgo, as well as the capital injection provided by BBVA Spark at the beginning of 2024, showcasing the confidence generated by Bit2Me among large companies and banks for operating transparently, with a clear business model and roadmap, and having its fiscal headquarters in Spain.

Chosen by the Global Banking & Finance Review as the Best Custodian Bank in Spain for seven consecutive years (2017 to 2023), Cecabank is dedicated to providing support to financial institutions and other corporations leveraging on its experience as a wholesale Spanish bank. Meanwhile, Bit2Me, with its developed API, offers direct access to the crypto ecosystem for banks, companies, and institutions quickly, easily, securely, and with Bit2Me’s guarantee.

According to Leif Ferreira, CEO and co-founder of Bit2Me, “this investment, along with our previous partnerships, reflects the confidence 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 expand our offerings further and reach a broader audience.”

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In the opinion of Abel Peña, Chief Sales Officer at Bit2Me, “this new investment agreement with Cecabank marks a significant milestone for Bit2Me on our path towards expanding and enhancing our services already being used by dozens of financial and institutional clients. This investment not only demonstrates confidence in Bit2Me as a trusted partner but also underscores our determination to drive the adoption of digital assets in the corporate realm. We are ready to seize this opportunity and take our offering to the next level.”

Pablo Casadio, investor and CFO at Bit2Me expressed that “This investment comes at a turning point for the sector, where trust is being placed in exchanges that operate transparently and with a clear tax headquarters, and will allow our activity to be boosted. This investment by a banking entity in a crypto company is proof that the adoption that will arrive in 2024 will be at all levels.”

According to Aurora Cuadros, Head of Cecabank’s Securities Services activity and responsible for the entity’s digital asset initiatives “Cecabank is committed to serve institutional investors and financial entities interested to operate in the digital assets universe with the same standards of quality and excellence that we already deploy in the securities landscape. The alliance with Bit2Me means one more step on that path”.

About Bit2Me

Bit2Me is a leading cryptocurrency company in Spain and is registered with the Bank of Spain as a provider of virtual currency services. Currently, it is strategically positioning itself as the world’s safest, easiest, and most comprehensive digital asset platform.

It holds several cybersecurity certificates, including the ISO 27001 standard and the Compliance Excellence Award granted by the newspaper El Economista in 2023. It also has Level 1 of the CSA STAR Certification and keeps its customers’ money in an Electronic Money Entity, so they always have access to it whenever they wish, and Bit2Me cannot touch it, thus guaranteeing its integrity 100%. 

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Bit2Me’s suite of services incorporates over 20 solutions for buying, selling, and managing virtual currencies and euros easily and securely from one place. The company serves individual, professional, and corporate clients in more than 100 countries. Bit2Me was founded by Leif Ferreira, the current CEO of the platform, and Andrei Manuel, co-founder, and COO. Koh Onozawa is the current co-CEO of the company.

The company currently employs over 170 people, including highly specialized profiles such as Rodolfo Carpintier, an entrepreneur and key figure in the Internet sector in Spain, as well as an investor in Tuenti and BuyVIP, companies later acquired by Telefónica and Amazon, respectively; Pablo Casadio, an investor with over 20 years of multinational experience in various fields of FPA & BD for the Otis Group, FSO at E&Y, and Capital Markets at PWC. 

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