Financial infrastructure company Zebec Network recently acquired compliance and identity platform Gatenox to internalize its core regulatory framework and expand into more strictly regulated markets.
The company noted in its announcement that this acquisition will directly integrate customer identification (KYC), business identification (KYB), and anti-money laundering (AML) tools into its Web3 payment system.
Zebec's head of mergers and acquisitions, Neal Padhye, stated that compliance has become an essential infrastructure. Padhye added, "With Gatenox, we will embed compliance into the foundation of programmable finance, making Zebec faster, safer, and scalable for institutional use."
Zebec plans to utilize Gatenox's technology to apply for registration under the EU's Markets in Crypto-Assets regulation (MiCA) and the UK's Financial Conduct Authority (FCA).
The founders of Gatenox previously established BLIK, the largest mobile payment platform in Eastern Europe, and Coinfirm. They will join Zebec and participate in its compliance program.
This acquisition allows Zebec to gradually reduce its reliance on third-party compliance providers and adopt Gatenox's proprietary technology. The company stated that it will gradually phase out Sumsub and fully transition to Gatenox.
Since its establishment in 2021, Zebec has attracted $35 million in investments from notable backers including Circle, Coinbase, and Solana Ventures. Its native token is also actively traded on exchanges such as KuCoin and Bybit.
