London-based Fiat Republic, a specialty Banking-as-a-Service (BaaS) platform that facilitates crypto-fiat conversions, has secured €6.4 million in a seed extension round to enhance its services. The investment, led by Kraken Ventures and other prominent investors, will be utilized for strategic hires, strengthening banking partnerships, and expansion across new territories. With a newly acquired Dutch EMI license, Fiat Republic aims to operate across the European Union, emphasizing compliance, security, and collaboration with regulators to bridge the gap between web3 and traditional banks.
London-Based Fiat Republic Raises €6.4 in Seed Extension to Bridge the Gap Between Web3 and Traditional Banks
