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Bitcoin World 2025-01-15 14:46:33

World’s First MiCA compliant Bankfi Network E Money Secures $5 Million from Top VC’s

World’s First MiCA compliant Bankfi Network E Money Secures $5 Million from Top VC’s

E Money Network , the world’s first MiCA compliant BankFi blockchain infrastructure has set the stage for gearing up towards the TGE with its recent $5.2 Million round. The funding round was backed by Kelsier Ventures and the Animoca Brands as lead validators. The round also attracted other industry heavyweights, including GBV Capital, Momentum 6, Blockchain Founders Fund, Morningstar Ventures, KuCoin, Blackedge Capital, and Banter Capital. With the bridge round now officially closed all eyes are on the upcoming TGE in January 2025! E Money Network is at the forefront of building compliant blockchain solutions, offering infrastructure designed to support RWA, DeFi, and DePIN dApps. Its built-in KYC and AML modules ensure secure, fully compliant operations, while features like legally issuing e-money tokens (eEUR) and IBAN functionality for fiat on-and-off ramping position it as a key player in blockchain. Raj Bagadi , Founder and CEO of E Money Network, stated, “This funding marks a milestone, enabling us to expand our offerings and deliver innovative solutions. With plans to launch a mobile wallet, crypto card, global IBAN capabilities, and institutional-grade infrastructure, we’re excited to shape the future of compliant blockchain ecosystems in 2025.” In January 2025, E Money Network will launch $EMYC, its native utility coin. EMYC will empower users, validators, developers, and institutions through its multifaceted roles, including: Serving as gas fees for transactions Rewarding validators who secure the network Enabling payments for deploying dApps Offering staking rewards to enhance security and liquidity Acting as collateral for loans within the ecosystem Upcoming Milestones: A multi-chain Web3 wallet supporting over 60 chains, Ethereum staking, and easy swaps, with a mobile version soon. A global crypto card offering up to $500k spending limits, operational in 150+ countries, and providing up to 2% cashback. Simplified crypto transactions with user-friendly interfaces and lower costs. Tools for financial institutions to leverage E Money Network’s compliance capabilities, enabling credit access using $EMYC as collateral. About E Money Network: E Money Network is the world’s first BankFi Network that supports on-chain KYC and AML processes. It allows users to tokenize real-world assets (RWAs) on a compliant infrastructure with bank-grade security. For more information: Visit: X | Linktree | Telegram | LinkedIn | Blogs | Whitepaper For media queries, contact : marketing@scallopx.com

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