Financial infrastructure firm Zebec Network has purchased Gatenox, a compliance and identity platform, to internalize core regulatory infrastructure and enter more tightly regulated markets. The acquisition integrates KYC, KYB, and AML tools into Zebec's Web3 payment stack. Neal Padhye, Zebec's head of mergers and acquisitions, emphasized the importance of compliance in today's financial landscape. The deal's financial details were not disclosed, but Zebec plans to utilize Gatenox's technology to seek regulatory approval under MiCA and FCA. Gatenox's founders, with experience in major financial institutions, will advise Zebec on compliance. This acquisition follows Zebec's previous purchase of Science Card, aiming to enhance financial services for students and researchers. Zebec aims to transition from third-party compliance providers to Gatenox's technology, replacing Sumsub. The company has received substantial investments and its native token is actively traded on various exchanges. Read more AI-generated news on: https://app.chaingpt.org/news