Main Spanish financial institution Banqueinter has acquired a minority stake in cryptocurrency alternate Bit2Me, collaborating in a €30 million ($33 million) funding spherical involving Tether in August 2025.
This funding provides one other conventional financial institution to Bit2Me’s rising listing of backers, which already contains main native monetary establishments equivalent to BBVA, Unicaja, and Cecabank.
Headquartered in Madrid, Bit2Me is likely one of the first firms to be registered underneath the EU’s new Marketplace for Cryptoassets (MiCA) regulation, permitting it to function throughout the European bloc. The corporate positions itself as a business-to-business gateway for banks looking for compliant entry to the cryptocurrency market.
VanInter stated in a launch that the deal goals to foster “know-how and knowledge-based synergies,” notably within the space of leveraging distributed ledger know-how (DLT).
Though the precise phrases weren’t disclosed, the deal will strengthen Bit2Me’s capital construction and strengthen its regulatory ambitions in Europe and Latin America.
Over the previous 18 months, Bit2Me has been quietly built-in into conventional finance. In accordance with paperwork shared with CoinDesk, the corporate will act as a backend crypto service supplier for Turkey’s Garanti BBVA and launched a storage and buying and selling platform collectively with Seca Financial institution.
Bit2Me CFO Pablo Casadio stated in an announcement that interbank transactions are an indication that banks are selecting cooperation over competitors.
“This partnership confirms that the banking sector can leverage our deep trade know-how to boost our providers. We aren’t competing, however combining our strengths,” Casadio stated.
Nevertheless, the corporate’s relationships with conventional monetary establishments go deeper. In July 2024, Spanish financial institution Unicaja, by its funding arm Unicaja Ventures, acquired over 5% of the alternate’s shares and secured a seat on its board of administrators.
