{"id":20203,"date":"2022-01-27T02:00:00","date_gmt":"2022-01-27T02:00:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2022\/01\/27\/first-crypto-deal-in-asia-for-several-global-investment-firms-with-40mln-round-for-babel-finance\/"},"modified":"2022-01-27T02:00:00","modified_gmt":"2022-01-27T02:00:00","slug":"first-crypto-deal-in-asia-for-several-global-investment-firms-with-40mln-round-for-babel-finance","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2022\/01\/27\/first-crypto-deal-in-asia-for-several-global-investment-firms-with-40mln-round-for-babel-finance\/","title":{"rendered":"First crypto deal in Asia for several global investment firms with $40mln round for Babel Finance"},"content":{"rendered":"<p> \n<\/p>\n<div lang=\"en\">\n<p>HONG KONG SAR &#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\/\" rel=\"sponsored\">Media<br \/>\nOutReach<\/a>\u00a0&#8211;\u00a027 January 2022\u00a0&#8211;\u00a0<a href=\"https:\/\/babel.finance\/\" rel=\"sponsored\">Babel Finance<\/a>, an Asian-based crypto<br \/>\nfinancial-services startup, made the first crypto deal in Asia for several<br \/>\nglobal investment firms. With a $40mln injection,\u00a0Babel Finance<br \/>\ncryptocurrency\u00a0has shown that there is ever-growing investor demand for<br \/>\nthe digital currency market in Asia.<\/p>\n<p>\u00a0<\/p>\n<p>The investors<br \/>\nincluded Tiger Global Management, Sequoia Capital China, Sequoia-affiliated<br \/>\nDragonfly Capital, Bertelsmann (through its Asia-focused investment arm BAI<br \/>\nCapital), and Zoo Capital. Babel finance is the first crypto portfolio for<br \/>\nthem.\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Babel Finance<br \/>\ncryptocurrency\u00a0services have used this financing round in a strategic move<br \/>\nto build strategic external partnerships. These strategic partnerships include<br \/>\ninvesting in Paradigm and leveraging compliance services with its partnership<br \/>\nwith Chainalysis.<\/p>\n<p>\u00a0<\/p>\n<p>Babel Finance&#8217;s<br \/>\ncrypto market\u00a0footprint has been strengthened with its recent investment<br \/>\nin Paradigm. Through this investment, Babel Finance Investment now has unified<br \/>\naccess to multi-asset, multi-protocol liquidity on demand without compromising<br \/>\nexecution preferences, costs, and immediacy.<\/p>\n<p>\u00a0<\/p>\n<p>Chainalysis, a<br \/>\nleading blockchain data platform, will provide Babel Finance with its KYT (Know<br \/>\nYour Transaction) and Reactor services. This will allow Babel Finance to have a<br \/>\nreal-time transaction monitoring solution providing alerts to their compliance<br \/>\nteam. Chainalysis&#8217;s Reactor service can connect cryptocurrency transactions to<br \/>\nreal-world entities, enabling compliance teams to examine criminal and<br \/>\nlegitimate activities. Babel Finance&#8217;s crypto lending\u00a0service offering,<br \/>\nfor example, now has a heightened capacity to safeguard clients&#8217; interests and<br \/>\ninvestments and comply with Anti-Money Laundering regulations.\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Babel Finance&#8217;s Hong<br \/>\nKong office and its other offices in Asia are ready to serve its clients&#8217; needs<br \/>\nand the growing interest in crypto in the region. With this recent $40 mln<br \/>\ninvestment, Babel finance will innovate its offering of crypto financial<br \/>\nservices (crypto lending, crypto prime financing, and crypto asset management).<br \/>\nWith its expert team from first-tier financial institutions such as PwC, China<br \/>\nMerchants Bank, Deutsche Bank, Credit Suisse, Lazard, Industrial and Commercial<br \/>\nBank of China, and mainstream technology companies, it provides cutting-edge<br \/>\nservices in cryptocurrency financing. <\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/2022\/01\/27\/117932\/first-crypto-deal-in-asia-for-several-global-investment-firms-with-40mln-round-for-babel-finance\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HONG KONG SAR &#8211;\u00a0Media OutReach\u00a0&#8211;\u00a027 January 2022\u00a0&#8211;\u00a0Babel Finance, an Asian-based crypto financial-services startup, made the first crypto deal in Asia for several global investment firms. With a $40mln injection,\u00a0Babel Finance cryptocurrency\u00a0has shown that there is ever-growing investor demand for the digital currency market in Asia. \u00a0 The investors included Tiger Global Management, Sequoia Capital China, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":20084,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/20203"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=20203"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/20203\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/20084"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=20203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=20203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=20203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}