Spanish financial institution Bankinter has taken a minority stake in Spanish cryptocurrency trade Bit2Me, becoming a member of stablecoin issuer Tether and different traders as conventional banks deepen their ties to the digital asset trade.
The funding, introduced Wednesday, makes Bankinter the newest giant monetary establishment to again Bit2Me following the trade’s 30 million euros ($34.9 million) funding spherical introduced in August. That spherical included Tether and Spain’s BBVA, and was aimed toward supporting Bit2Me’s enlargement throughout Spain and the broader European Union.
The scope of the investments is to “obtain technological and information synergies,” whereas supporting Bit2Me’s fintech enlargement all through Spain and the European Union, Bankinter mentioned.
The $34 million funding spherical is important amongst European crypto exchanges. It ranks because the fourth-largest publicly-announced elevate behind Austrian crypto platform Bitpanda’s earlier three funding rounds of $263 million, $170 million and $52 million, respectively.
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Bit2Me grew to become the primary Spanish-speaking fintech to obtain authorization from Spain’s Nationwide Securities Market Fee (CNMV) as a crypto-asset service supplier below the European Markets In Crypto Property Regulation (MiCA) in July 2025.
“This alliance confirms that banks can reap the benefits of our deep know-how within the sector to reinforce their supply,” wrote Pablo Casadío, chief monetary officer at Bit2Me. “As a substitute of competing, we combine strengths.”
He added that Bit2Me’s “technological and regulatory solidity” makes it a really perfect accomplice for giant monetary entities in search of to capitalize on the rising crypto ecosystem.
Cointelegraph reached out to Bankinter and Bit2Me for feedback on the small print of the funding deal, however had not acquired a response by publication.
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TradFi banks are coming into the crypto trade worldwide
Bankinter’s Bit2Me funding follows a wave of enormous funding banks coming into the cryptocurrency area with numerous choices.
On Monday, British multinational financial institution Customary Chartered was reported to be exploring the launch of a crypto prime brokerage platform in its newest foray into crypto.
Per week earlier, funding banking big Morgan Stanley filed to launch an Ether (ETH) exchange-traded fund (ETF), marking its third crypto ETF submitting.
Days earlier, on Jan. 5, the second-largest US financial institution, Financial institution of America, authorised 4 spot Bitcoin (BTC) ETFs for advice via its 15,000 wealth advisers.
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