Bit2Me, the Spanish cryptocurrency exchange, continues to grow. And it does this through agreements with international partners. The last of these, which is the start of a long list of announcements to come in terms of associations, was with DFG. The Singapore-based global investment fund focused on researching players in the blockchain and Web.3 sector, caught the to exchange Spanish as a partner for their mutual expansion. An agreement which, according to Leif Ferreira, founder of Bit2Me, indicates that it has gone through the media echo of recent months and the contacts that are being made in the sector.
The goal? Have eyes where Singapore’s bottom doesn’t reach. That is to say in the Spanish and Portuguese speaking markets where Bit2Me has developed strongly since its creation in 2015.
DFG is by no means new to the cryptocurrency industry. The fund, which was founded the same year as Bit2Me, already manages over $1 billion in assets. In its history, some examples of players of an increasingly vast sector: Cicle, LedgerX, Chainsafe, Bloq, Brave, Ripio or Bitso among many others.
In this case, DFG will not go its own way. This agreement aims to create a joint investment scheme in which both have a share. In this case, Bit2Me makes the selection of projects, in which the Singaporean fund will then have the investment preference. As a kind of privileged private investors who, due to their initial confidence, can obtain more advantages and rewards.
How? ‘Or’ What? Through a mechanism that to exchange Spanish already tried in its own structure: an ICO template. Or the launch of tokens that are formulated through a stake – which does not dilute the entity’s capital – of some sort. This process had a double meaning for the Spanish company. On the one hand, to prove that the model worked with the loyalty of a community that had been established for almost 5 years. On the other hand, not to lose power within the capital of the entity; currently in the hands of its two founders –José Luis Cáceres and Leif Ferreira–, Inveready since its only financing round and a small group of small investors and employees.
In this sense, Bit2Me has already launched its own ICO in the fall of 2021 – an operation that will culminate in September 2022 with the launch of the last token in the series. An agreement with Bnext also points to this specific sector. And throughout Bit2Me Launchpad, a service that manages the processes by which the to exchange earn through a commission specific to the issuers of the token. A commission that comes to manage all the legal, authorization and management processes that involve the creation of said token.
Either way, DFG will have preferential access to this token launch through the company’s ICO division. Some who seek to settle preferably in regions of Spain, Latin America and Portugal. places where the to exchange places special emphasis on its expansion. Already well known in Spain, its latest movements went directly to seek implantation with the user on the other side of the Atlantic. Indeed, its agreement as a partner of Axie Infinity, at the end of December 2021, had its eye precisely on Mexico. Gambling to win, which is already a fixed income system for many gamers on the planet, was an organic way to expand into interesting territory for the Spanish brand.