The financial infrastructure company Zebec Network has acquired Gatenox, a compliance and identity platform, to provide internal basic regulatory infrastructure and develop on more closely regulated markets.
In a shared announcement with Cointtelegraph, the company said that the agreement provides that the native of your customer’s knowledge (KYC), knew your business (KYB) and anti-flowage tools (AML) directly in its web 3 payment batter.
Neal Padhye, mergers and acquisitions chief at Zebec, said the regulations were no longer optional and is now an infrastructure. “With Gatenox, we integrate compliance into the base of programmable financing, which makes Zebec faster, safer and ready on an institutional scale,” added Padhye.
The terms of the acquisition were not disclosed, but a spokesperson for Zebec told Cointelegraph that it was an all craft transaction.
Zebec to continue compliance with Mica and FCA
Zebec plans to take advantage of Gatenox technology to continue regulatory registration under the European Union markets in the regulation of cryptocurrencies (MICA) and with the Financial Conduct Authority (FCA) of the United Kingdom in 2025.
The spokesman told Cintelegraph that Gatenox was currently not registered with any financial authority.
However, they said that the team has vast experience in regulated financial institutions such as the Union Bank of Switzerland, the American International Group and the Royal Bank of Scotland.
“The two founders of Gatenox previously founded Blik, the largest mobile payment platform in Eastern Europe, and Coinfirm,” said the spokesperson at Cointelegraph, adding that these founders will join Zebec and advise on his compliance program.
The Gatenox agreement follows the previous acquisition of Science Card in Zebec, a platform empowering students and researchers with financial tools. The company rationalizes the expenses of the campus, research subsidies and budgeting.
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Acquisition of Gatenox to eliminate dependence on third parties
Zebec added that this decision allows them to remove dependence on third -party providers, replacing them with the owner technology of Gatenox.
“Gatenox’s product offer is a direct competitor of Sumsub, and Zebec Migre de Sumsub after this acquisition,” said the spokesperson.
The Zebec network has attracted significant investments since its creation in 2021. The company said it had obtained $ 35 million in investors, including Circle, Coinbase, Solana Ventures, Breyer Capital, Republic and Lightspeed Venture Partners.
His native token is also actively negotiated on scholarships like Kucoin, Bybit, Okx and Crypto.com.
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