Blockrise secures 2 million euros in seed funding and plans to apply for a MiCAR license.

Gate News bot message, Rotterdam compliance encryption asset management company Blockrise has completed a €2 million seed round financing, with participation from Golden Egg Check Capital and others. The company will use the new funds to prepare for the implementation of regulatory provisions for the European encryption asset market, and plans to apply for the MiCAR license from the Netherlands Authority for the Financial Markets (AFM). The upcoming license will allow the company to expand its services under the new legal framework, while placing a high emphasis on security, compliance, and innovation.

Blockrise is expected to launch its Series A financing by the end of the year, while expanding its Bitcoin custody and asset management platform business.