First crypto deal in Asia for multiple global investment firms with $40M seed round for Babel Finance

HONG KONG SAR – Media outreach – January 27, 2022 – Babel Finance, an Asian crypto financial services startup, has secured the first crypto deal in Asia for multiple global investment firms. With an injection of $40 million, the Babel Finance cryptocurrency showed that there is growing investor demand for the digital currency market in Asia.

Investors included Tiger Global Management, Sequoia Capital China, Sequoia-affiliated Dragonfly Capital, Bertelsmann (through its Asia-focused investment arm BAI Capital) and Zoo Capital. Babel finance is the first crypto wallet for them.

Babel Finance cryptocurrency services used this round of funding in a strategic move to establish strategic external partnerships. These strategic partnerships include investing in Paradigm and leveraging compliance services with its partnership with Chainalysis.

Babel Finance’s footprint in the crypto market has been strengthened with its recent investment in Paradigm. With this investment, Babel Finance Investment now has unified access to on-demand multi-asset, multi-protocol liquidity without compromising execution preferences, cost and immediacy.

Chainalysis, a leading blockchain data platform, will provide Babel Finance with its KYT (Know Your Transaction) and Reactor services. This will allow Babel Finance to have a real-time transaction monitoring solution providing alerts to their compliance team. Chainalysis’ Reactor service can connect cryptocurrency transactions to real-world entities, allowing compliance teams to examine criminal and legitimate activity. Babel Finance’s crypto lending service offering, for example, now has an enhanced ability to protect client interests and investments and comply with anti-money laundering regulations.

Babel Finance’s office in Hong Kong and its other offices in Asia are ready to meet the needs of its clients and the growing interest in crypto in the region. With this recent investment of 40 million dollars, Babel finance will innovate in its offer of crypto financial services (crypto loan, crypto prime financing and crypto asset management). With its team of experts drawn from top-tier financial institutions such as PwC, China Merchants Bank, Deutsche Bank, Credit Suisse, Lazard, Industrial and Commercial Bank of China and consumer technology companies, it provides cutting-edge services in cryptocurrency financing.

About Babel Finance

Babel Finance is one of the world’s leading providers of crypto financial services, offering institutional investors and HNWIs professional services covering crypto lending and crypto trading.

The company is backed by leading investors including Sequoia Capital China, Tiger Global Management, BAI Capital, Zoo Capital, Dragonfly Capital and NGC Ventures.

With a business focus in Asia and a head office in Singapore, Babel Finance has established close cooperative relationships with major global stock exchanges, custodians, investment funds and mining institutions.


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