Crypto Bank BVNK Gets VASP License in Spain
London-based crypto banking and payments platform, BVNK, is the latest firm to obtain a VASP (Virtual Asset Service Provider) license in Spain. The registration will allow the firm to offer its services to the corporate sector of the nation. The Bank of Spain’s approval will give the firm the necessary “springboard” for European expansion. BVNK was founded in 2021 and aims to make crypto accessible to institutional investors. The company’s clients can use a single account to manage treasury, payment, and investment operations for digital assets. The platform offers over 100 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and Solana (SOL). In May of this year, the London-based crypto bank managed to raise $40 million in funding, with a $340 million valuation. Moreover, in its one short year of existence, the bank has managed to expand its workforce from 40 to 160. Additionally, the firm plans to further expand its headcount to 250 by ...