Digital asset banking startup Greengage raises £ 2.5million
Greengage, which plans to become the premier digital asset investment bank, today announced the addition of its first institutional investment receiving a £ 2.5million commitment from the Gibraltar-based holding company, IOVlabs.
This latest investment will support Greengage’s continued expansion, technological developments and team growth, including the hiring of a new CFO, Operations Manager, Compliance Officer and Head of Money Laundering Reporting. ‘silver.
As a long-standing digital finance investor and builder, IOVlabs is an ideal partner for Gibraltar-based company Greengage. IOVlabs’ vision of creating socially responsible and inclusive financial technology tools aligns closely with Greengage’s own mission, including its goal of supporting the expansion of B2B lending to underserved markets such as SMEs. Greengage will support RSK Blockchain’s smart contract platform and RSK Infrastructure Framework (RIF), which provides the building blocks of a fully decentralized economy.
Commenting on the investment, Sean Kiernan, CEO of Greengage, said: “IOVlabs has long been recognized in Gibraltar – and the world – as one of the leading pioneers in the world of digital finance. Their team combines deep technological expertise with a vision to build a valuable Internet that offers greater financial freedom and is open to all ”. He continued, “We are delighted to have an institutional investor of this caliber and to explore together the future possibilities of cryptocurrencies, digital identity and clean and decentralized finance developed on top of the major platforms- RSK blockchain and RSK Infrastructure Framework forms. We look forward to leveraging this investment to bring innovative new financial services solutions to market. ”
Diego Gutierrez Zaldivar, CEO of IOVlabs, said: “We are delighted to partner with Greengage and join them in making a key contribution to building a more equitable and decentralized financial system. We are excited to be a part of the growth of their strong digital banking platform, which uses cutting-edge technologies to facilitate profitable transactions for underserved SMEs in the traditional currency and crypto-asset markets ”.
Greengage is currently in the regulatory approval process with the GFSC to receive a banking license in Gibraltar.