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Crypto Institution Cabital Secures $4 Million In Seed Round

Crypto Institution Cabital Secures $4 Million In Seed Round
  • Cabital has raised $4 million in its seed funding round.
  • In an angel round of funding the Cabital has raised $3 million.
  • Seed round heads by SIG, Dragonfly, and GSR, raising the firm’s valuation to $40M.

Today, Cabital announced that the platform has raised $4 million in its seed funding round. Prior to this, in an angel round of funding the Cabital has raised $3 million. Notably, the Cabital’s successful seed round was headed by SIG, Dragonfly, and GSR, raising the firm’s valuation to $40 million.

Moreover, Cabital is the most prominent and world’s most trusted crypto asset institution. The company’s aim is to enable people to earn passive income securely and safely with their digital assets. More so, the company’s main product is Cabital Earn, a digital asset wealth management platform which enables users to acquire more returns on their investments with a max of 12% APY.

In fact, the fund will enable Cabital’s growth ambitions in Europe, helping onboard senior talent and developing its proprietary digital wealth management platform. In order to capture huge chances across Europe, Cabital adds SEPA to its list of payment techniques, enabling users to seamlessly swap euros with crypto and vice versa by the end of third quarter.

Cabital doesn’t need a minimum and maximum deposit amount and will enable its customers to make the deposits in euro, also withdraw their earnings in euro. This will enhance users in the European Union to on-ramp with EUR into cryptos and off-ramp with crypto into EUR. This not only enables the Cabital as a trusted on-and-off ramp solution, however, the digital wealth management firm of choice for Europeans.

Moreover, Cabital does not provide any native tokens and thus users avoid any hidden fees present with staking platform tokens, also they avoid the risks of market volatility. Cabital provides up to 12% APY on savings in digital assets by distributing a max of 80% of their investment with clients. Cabital’s Co-founder and Chief Executive Officer Raymond Hsu said, 

“Today, Cabital crossed an important milestone in our journey to build an alternative and safe financial industry…Our purpose is to simplify investing in the crypto world for everyday investors, with a product that’s simple, secure, and sensible. Regardless of whether you’re a new or an experienced investor, we help you get more out of your digital assets to get you closer to your life goals sooner.”

He also adds that Cabital’s successful seed round is a testament that we are on the right path, product, and strategy. The team will deliver their promise of helping many people in the world in order to reach their financial goals.

SIG’s Partner Lu Guo also made his view that they have planned to lead Cabital’s funding seed round, as they could view the massive rise in digital asset investment. The digital asset is now entering the mainstream, Cabital proposes new investment chances for crypto-wealth management products. This will meet regulatory compliance requirements while maintaining strong leadership in the growing market which is steadily globalized.

Cabital’s users can subscribe to flexible and fixed-term saving plans in USDT, BTC, and ETH.

Cabital removes the complexity of the users who participate in Decentralized Finance (DeFi), where users track and move the assets over various initiatives to increase their returns. Rather than the user just has to add their crypto assets with Cabital. Even more, the Cabital lends these funds to major DeFi platforms with well-known TVL, and extensive audit history, that includes AAVE and Curve.

Cabital also ensures the lowest possible risks via multilateral analysis of all required investment choices together with additional checks by experienced investors, engineers, lawyers, and financial analysts who have worked with major banks and technology companies. Cabital follows with investing incase project passes all quantitative and qualitative tests and receives approval from the expert team. Moreover, Cabital can join the high yield of digital assets with low risks and efficient strategies with major financial institutions.

The company will add SEPA to the list of payment options by the end of Q3, enabling customers to shift seamlessly between euros and crypto. Some firms need up to €1,000 as a minimum deposit. However, Cabital does not need a minimum and maximum deposit amount which will allow our users to make deposits in euro, also withdraw the earnings in euro.

Cabital Manages to Share a Max of 80% Income with Users

There are no hidden fees within the staking platform tokens since Cabital didn’t offer any native tokens. Cabital still manages to share a max of 80% of their investment income with users, providing a max of 12% APY. In order to make sure with robust KYC, Cabital has collaborated on an AI-related solution for automated identity verification and anti-fraud offered by Sumsub. Cabital also partners with top blockchain analysis platform Chainalysis.

Chainalysis APAC Managing Director Ulisse Dellorto said,

“Chainalysis’s mission is to build trust in cryptocurrency as it integrates into the traditional global financial system. That’s why we’re happy to partner with Cabital to help them bridge the gap between cryptocurrency and wealth management products and make a more reliable and user-friendly investing infrastructure.”

Cabital is safeguard by Fireblocks, one of the most safest wallet solutions in the market. Over 500 institutions like Revolut, eToro, and Crypto.com stay on Fireblocks’ infrastructure. This secures over $1 trillion in cryptos. Access to Cabital’s wallet will be protected in case of attack by an algorithm which estimates the key to unlock Cabital’s funds on Fireblocks, and authorizations are required to shift the asset.

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Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.