BVNK Obtains Registration In Spain For European Growth

BVNK, a London-based payments and banking platform powered by cryptocurrencies for companies, has obtained registration in Spain as a Virtual Asset Services Provider.

The licence from the Bank of Spain allows BVNK to expand across the EU.

BVNK, which was launched a year ago, aims to make crypto financial services more accessible by enabling customers to handle treasury, payment, and investing activities for digital assets via a single account.

It offers a business account that enables access to GBP/EUR/USD and digital asset wallets through a “Know Your Business” procedure. Firms may handle settlement, exchange, and payment using a unified interface.

This interface also includes BVNK Yield, where customers may invest their funds and receive interest, as well as BVNK Markets, which facilitates large-volume digital asset transactions. The business has also created BVNK Insights, a market information platform that assists consumers in making educated choices.

In May, the company secured a $40 million Series A funding round at a value of $340 million. It has increased its personnel from 40 to 160 in the last year and plans to increase it to 250 in the future year as it collaborates with other local authorities to enter new markets.

Maximilian von Both, general counsel, risk and safety official, BVNK, has said: “The registration in Spain will be the first of many similar landmarks and demonstrates our commitment to becoming a globally recognised business that holds itself against the highest international regulatory standards.”