November 12, 2024
Notabene, a cryptocurrency compliance platform, has secured $14.5 million in Series B funding, led by DRW Venture Capital, with contributions from Apollo, Nextblock, ParaFi Capital, Wintermute, and other backers. This round is aimed at expanding the company’s role in facilitating compliant crypto transactions, which is crucial as the sector increasingly faces global regulatory scrutiny. Notabene is known for its focus on helping cryptocurrency firms comply with anti-money laundering (AML) rules, particularly the FATF’s "Travel Rule" that mandates the secure exchange of sender and receiver information for crypto transactions.
Founded with the mission of being the "SWIFT for crypto transactions," Notabene has built a growing network of over 165 companies, including some of the largest virtual asset service providers (VASPs) like Copper, OKX, and Ramp. The platform’s services have already processed more than $500 billion in transactions and continue to gain traction as regulatory requirements increase. With new regulations taking effect, particularly in Europe, Notabene’s infrastructure is positioned to play a role in streamlining the compliance process for crypto companies and traditional financial institutions entering the digital asset space.
In addition to its AML compliance services, Notabene is also focusing on the expansion of stablecoin usage, which is projected to see widespread adoption for global payments. The company’s platform has been enabling $20 trillion worth of stablecoin transactions in the past year. This funding will allow Notabene to further expand its capabilities, working toward building a more transparent, secure, and compliant infrastructure for the future of digital asset payments.
About Notabene
Notabene is a crypto payment authorization network enabling secure, transparent, and compliant transactions. With over 165 companies across 80+ jurisdictions, it has processed over $500 billion in transactions, focusing on providing infrastructure for global compliance, including the FATF’s Travel Rule.
Website: https://notabene.id/
X: @notabene_id
About Investor
DRW VC
DRW Venture Capital is a venture capital firm based in Chicago, Illinois, focusing on investments in companies developing technologies across various sectors, including fintech, blockchain, and cryptocurrency. As part of the DRW group, the firm leverages industry expertise to support the growth of transformative financial companies.
Location: Chicago, Illinois
Website: https://www.drw.com/vc
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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