XBO Ventures, the investment arm of crypto exchange XBO.com, has announced a $25 million investment in Rapyd's $500 million Series F funding round. This deal opens up new prospects for access to cutting-edge financial technologies.
Priority Access to a Global Fintech Network
Partnering with Rapyd provides XBO Ventures with priority access to advanced financial tools used by large enterprises worldwide. This includes services like payment processing, secure custody for digital assets, and corporate wallet management. It also includes fiat-to-crypto conversion, allowing users to seamlessly transition between traditional currencies and cryptocurrencies.
Building a Bridge Between Crypto and Traditional Finance
This partnership will help XBO.com accelerate the rollout of its own services, such as liquidity pools and support for startups looking to launch their projects. Lior Aizik, co-founder and COO of XBO.com, stated, 'Our investment allows us to offer clients a direct and accelerated path into one of the most advanced fintech ecosystems in the world.'
The Future of Rapyd in Web3 and DeFi
Rapyd is preparing to expand further into Web3, exploring use cases in decentralized finance and embedded finance. These efforts reflect a broader industry trend aimed at bringing cryptocurrencies closer to traditional financial systems.
XBO Ventures' investment in Rapyd underscores the importance of creating the infrastructure necessary for seamless interaction between cryptocurrencies and traditional finance, which could facilitate safer and more convenient payment options for businesses and consumers.
