Tether takes stake in Bit2Me and leads its new funding round
The company is leading a €30 million fundraising effort as part of the investment.
Key Takeaways
- Tether has acquired a minority stake in the Spanish crypto platform Bit2Me.
- The crypto exchange serves over 1.2 million users and 7,000 companies.
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Tether said Thursday the firm had taken a minority stake in Bit2Me, a Spanish-speaking crypto platform. The stablecoin issuer is spearheading a €30 million funding round as part of the deal, which is expected to wrap up in the next few weeks.
Commenting on the latest investment, Tether CEO Paolo Ardoino praised Bit2Me’s commitment to building a compliant, secure, and intuitive ecosystem for digital assets.
“Their focus on education, transparency, and user empowerment aligns closely with Tether’s mission to enable an open financial system. We’re proud to support Bit2Me as they help shape the future of regulated crypto services in Europe and beyond,” he stated.
The investment will support Bit2Me’s European Union expansion and strengthen its Latin American operations, with a focus on Argentina.
Andrei Manuel, Co-founder and COO of Bit2Me, said the move marked a pivotal milestone for the exchange.
“With their backing, we aim to accelerate our leadership in Europe and Latin America, markets that are just beginning to unlock the power of decentralized finance,” Manuel said.
The digital asset platform, which serves more than 1.2 million users and 7,000 companies, has been authorized by Spain’s National Securities Market Commission (CNMV) as a Crypto-Asset Service Provider under the EU’s Markets in Crypto-Assets Regulation (MiCA).
The authorization, the first for a Spanish-speaking exchange, allows Bit2Me to provide services for users across all 27 EU member states.
“Our strong growth and trusted reputation are the result of more than a decade of commitment to transparency, regulation, and customer-centric innovation,” added Pablo Casadío, Co-founder and CFO of Bit2Me. “With Tether’s support, we’re now positioned to scale even faster — across products, users, and geographies.”
Tether has expanded its presence into various industries. The company’s portfolio includes a stake in Italian football club Juventus, media company Be Water, and a major holding in Adecoagro, a leading South American agricultural and energy firm, to name a few.
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