The Financial Infrastructure Company ZEBEC Network has acquired Guenox, a compliance and identity platform to bring core regulator infrastructure to the house and expand over tightly regulated markets.
In an announcement shared with cointelegraph, the company said that the deal was known to the natives to its customer (KYC), their business (KYB) and Anti-Mani Londering (AML) tools directly in their web3 payment stack.
Neil Padhe, the head of merger and acquisition in Zebek, said that regulation is no longer optional and is now a infrastructure. “With gatanox, we are complying in the foundation of programmable finance, making Zeback designed for fast, safe and institutional scale,” said Padya.
The acquisition conditions were not disclosed, but a ZEBEC spokesperson reported that cointelegraph it was an all-cache transaction.
Zebek to carry forward Mica and FCA compliance
ZEBEC has planned to avail the technology of GATAX to carry forward regulatory registration under the European Union. Market in Crypto-assets Regulation) And later in 2025 with the Financial Conduct Authority (FCA) of the United Kingdom.
The spokesperson told cointelegraph that Gatanox is currently not registered with any financial authorities.
However, he said that the team has widespread experience in regulated financial institutions such as Union Bank of Switzerland, American International Group and Royal Bank of Scotland.
The spokesperson said, “Two Gatenox founders first established the largest mobile payment platform in Eastern Europe, and Coinforms,” the spokesperson said that these founders would join the Zebek and advise in its compliance program.
Gatanox deal Thus The acquisition of Zebec’s first science card, a platform that empowers students and researchers with financial equipment. The company streamlines the expenses, research grants and budget of the campus.
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Gatanox acquisition to phase third -party Reliance
Zebek stated that this step allows them to phase down on third -party compliance providers, replacing them with the ownership technique of GATANOX.
The spokesperson said, “Gatanox’s product is a direct contestant for the offering Sumsb, and Zebec will move away from Sumsb after this acquisition,” the spokesman said.
The ZEBEC Network has attracted significant investment since its establishment in 2021. The company said it had acquired $ 35 million from investors including Circle, Coinbase, Solanbase, Solana Ventures, Breyer Capital, Republic and LightSpeed Venture Partners.
Its original tokens are actively traded on exchanges such as Kuchoin, Bibit, OKX and Crypto.com.
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