Last week Unicaja Bank, one of Spain’s top five banks, said its venture arm invested in cryptocurrency exchange Bit2Me. The startup has more than a million customers and was the first to receive a registration from the Bank of Spain as a cryptocurrency service provider.
The terms of the deal were not announced, but the bank takes a stake of more than 5% in the exchange and joins its board. Additionally, the companies signed a commercial collaboration agreement.
The bank is keen to have a technology partner to explore three emerging areas: new opportunities created by the EU’s MiCA regulations; the tokenization of assets under the DLT Pilot Regime and blockchain more broadly; and the digital euro.
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