The Zebec Network financial infrastructure company has purchased Gatenox, a platform for compliance and identity to introduce internal regulatory infrastructure and develop into more regulated markets.
In the advertisement made available to Cointelegraph, the company said that the contract brings Native Know Your Client (KYC), Know Your Business (KYB) and tools for preventing money laundering (AML) directly at the WAB3 payments.
Neal Padhye, the head of mergers and acquisitions in Zebec, said that the regulation is no longer optional and is now infrastructure. “Thanks to Gatenox, we deposit compliance with the foundation of programmable finances, thanks to which Zebec is faster, safer and ready on an institutional scale,” Pashye added.
The takeover conditions were not disclosed, but the spokesman Zebec told CointeLgraph that it was a complete transaction.
Zebec for compliance with MICA and FCA
ZEBEC plans to operate Gatenox technology to implement regulatory registration based on European Union markets in the regulation of cryptocurrencies (MICI) and in the UK of the Finance Office (FCA) later in 2025.
The spokesman told CointeLgraph that Gatenox is not currently registered in any financial authorities.
However, they said that the team has extensive experience in regulated financial institutions, such as Union Bank of Switzerland, American International Group and Royal Bank of Scotland.
“Two founders of Gatenox have previously founded BLIK, the largest mobile payment platform in Eastern Europe and CoinFirm,” said spokesman CointeLgraph, adding that the founders will join Zebec and advise on the conformity program.
Gatenox contract follows Earlier acquisition of a scientific card by Zebec, a platform for strengthening students and researchers with financial tools. The company improves campus expenditure, research subsidies and budgeting.
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Gatenox acquisition to withdraw depending on the third parties
Zebec added that this movement allows them to withdraw to suppliers of third party compatibility, replacing them with the registered Gatenox technology.
“Gatenox product offer is a direct competitor of Sumsub, and Zebec will migrate from Sumsub after this takeover,” said the spokesman.
The Zebec network attracted significant investments from the very beginning in 2021. The company stated that it secured $ 35 million from investors, including Circle, Coinbase, Solana Ventures, Breyer Capital, Republic and Lightpeed Venture Partners.
His native token is also actively trading on stock exchanges, such as Kucin, Bybit, OKX and Crypto.com.
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