As concerns grow over inflation and increasing interest rates, the cryptocurrency market has been looked at as a natural hedge to preserve capital. This popularity has led to more and more institutions looking to build exposure to blockchain and cryptocurrency. BCB Group, a provider of crypto banking services, makes cryptocurrency more accessible for cryptocurrency exchanges, market makers, funds and corporate traders, and cryptocurrency-specific projects. The company provides a host of services including exchange services, treasury management, custodial, wealth management, interest accounts, and foreign exchange. London TechWatch caught up with CEO and Cofounder Oliver von Landsberg-Sadie to learn more about the inspiration behind the company, the state of the cryptomarkets, the company’s future plans, latest funding round from investors that include North Island Ventures, Blockchain.com Ventures, Pantera Capital, L1 Digital, and Pack Capital. This is best described as a seed follow-on or pre-Series A raise.
I know DeFi is our Netscape moment because it’s scaling, rapidly. Just like Netscape’s browser did. The market is screaming that DeFi has found product-market fit. Total value locked in DeFi is up more than 4X in two months.a
Blockchain makes banking and financial services more accessible. Anyone with a mobile phone can create a secure account. With recent data from the World Bank revealing 1.7 billion adults globally have no access to a bank account – but two-thirds of them own a mobile phone, blockchain can fill this void.