Bit2Me closed an investment agreement with Cecabank to drive the growth of Bit2Me’s API offered to Spanish and international institutions, companies, banks, and financial entities. This investment 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 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.
The ‘A-Team’ of finance and crypto: Bit2Me’s COO and co-founder Andrei Manuel (left);Aníbal Martín, Director of Global Business Development from Cecabank; Aurora Cuadros, Corporate Director of Securities Services at Cecabank and Bit2Me’s Chief Sales Officer Abel Peña.
Leif Ferreira, CEO and co-founder of Bit2Me said “This new investment 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 to reach a broader audience.”
Abel Peña, Chief Sales Officer at Bit2Me said “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 “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.”
Aurora Cuadros, Head of Cecabank’s Securities Services Activity said “Cecabank is committed to serve institutional investors and financial entities interested in operating 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.”
