First crypto deal in Asia for several global investment firms with $40mln round for Babel Finance

OutReach – 27 January 2022 – Babel Finance, an Asian-based crypto
financial-services startup, made the first crypto deal in Asia for several
global investment firms. With a $40mln injection, Babel Finance
cryptocurrency has shown that there is ever-growing investor demand for
the digital currency market in Asia.

The investors
included Tiger Global Management, Sequoia Capital China, Sequoia-affiliated
Dragonfly Capital, Bertelsmann (through its Asia-focused investment arm BAI
Capital), and Zoo Capital. Babel finance is the first crypto portfolio for

Babel Finance
cryptocurrency services have used this financing round in a strategic move
to build strategic external partnerships. These strategic partnerships include
investing in Paradigm and leveraging compliance services with its partnership
with Chainalysis.

Babel Finance’s
crypto market footprint has been strengthened with its recent investment
in Paradigm. Through this investment, Babel Finance Investment now has unified
access to multi-asset, multi-protocol liquidity on demand without compromising
execution preferences, costs, and immediacy.

Chainalysis, a
leading blockchain data platform, will provide Babel Finance with its KYT (Know
Your Transaction) and Reactor services. This will allow Babel Finance to have a
real-time transaction monitoring solution providing alerts to their compliance
team. Chainalysis’s Reactor service can connect cryptocurrency transactions to
real-world entities, enabling compliance teams to examine criminal and
legitimate activities. Babel Finance’s crypto lending service offering,
for example, now has a heightened capacity to safeguard clients’ interests and
investments and comply with Anti-Money Laundering regulations.

Babel Finance’s Hong
Kong office and its other offices in Asia are ready to serve its clients’ needs
and the growing interest in crypto in the region. With this recent $40 mln
investment, Babel finance will innovate its offering of crypto financial
services (crypto lending, crypto prime financing, and crypto asset management).
With its expert team from first-tier financial institutions such as PwC, China
Merchants Bank, Deutsche Bank, Credit Suisse, Lazard, Industrial and Commercial
Bank of China, and mainstream technology companies, it provides cutting-edge
services in cryptocurrency financing.


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