Financial infrastructure company Zebec Network has announced the acquisition of compliance and identity verification platform Gatenox, integrating core regulatory infrastructure into its internal system and planning to expand into more strictly regulated markets.
In an announcement shared with Cointelegraph, Zebec stated that this transaction will directly integrate native Know Your Customer (KYC), Know Your Business (KYB), and Anti-Money Laundering (AML) tools into its Web3 payment technology stack.
Zebec's M&A head, Neal Padhye, stated that regulation is no longer optional but a part of the infrastructure. He added, "With Gatenox, we are embedding compliance into the foundation of programmable finance, making Zebec faster, safer, and ready for institutional scale."
The specific terms of the acquisition were not disclosed, but a spokesperson for Zebec revealed to Cointelegraph that it was an all-cash deal.
Zebec plans to leverage Gatenox's technology to seek regulatory registration under the EU's Markets in Crypto-Assets Regulation (MiCA) and the UK's Financial Conduct Authority (FCA) later in 2025.
The spokesperson told Cointelegraph that Gatenox is currently not registered with any financial regulatory authority.
However, they noted that the Gatenox team has extensive experience in regulated financial institutions such as UBS, AIG, and Royal Bank of Scotland.
The spokesperson also revealed to Cointelegraph, "The two founders of Gatenox previously founded BLIK, the largest mobile payment platform in Eastern Europe, as well as Coinfirm." They added that these two founders will join Zebec and provide consulting for its compliance program.
This acquisition of Gatenox follows Zebec's earlier acquisition of Science Card. Science Card is a platform that provides financial tools for students and researchers, simplifying campus spending, research funding, and budget management.
Zebec also stated that this move allows them to gradually reduce their reliance on third-party compliance service providers, opting instead to use Gatenox's proprietary technology.
The spokesperson mentioned, "Gatenox's products compete directly with Sumsub, and Zebec will gradually migrate from Sumsub following this acquisition."
Since its establishment in 2021, Zebec Network has attracted significant investment. The company stated that it has raised $35 million from investors including Circle, Coinbase, Solana Ventures, Breyer Capital, Republic, and Lightspeed Venture Partners.
Its native token is also actively traded on exchanges such as KuCoin, Bybit, OKX, and Crypto.com.
Related: Stablecoin giant Circle raises IPO size to $1.05 billion
Original article: “Zebec Acquires Compliance Company Gatenox to Address MiCA and FCA Regulatory Pressures”
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