Zebec Network, a decentralized real-time payment streaming platform, has acquired Gatenox to integrate native KYC, KYB, and AML compliance into its payment infrastructure.
Zebec Network (ZBCN) has just announced its acquisition of Gatenox, a digital identity infrastructure company specializing in KYC, KYB, and AML compliance. The move is aimed at enhancing Zebec’s AI infrastructure by embedding native identity verification and risk assessment tools directly into its ecosystem.
As reported by Cointelegraph, Zebec intends to utilize Gatenox’s technology as part of its efforts to secure regulatory approval under the European Union’s MiCA and register with the UK’s Financial Conduct Authority later this year.
The acquisition of Gatenox follows Zebec’s recent purchase of Science Card, a U.K.-based fintech firm with over 50,000 users. Science Card enables users to send, receive, store, and manage their money through a user-friendly app. It offers both physical and digital cards that can be used in more than 210 countries, while also allowing users to support scientific research in fields they care about.
Additionally, it recently came to public attention that Uphold, a multi-asset digital trading platform regulated in the U.S. and UK, holds over $35 million worth of Zebec Network’s native token ZBCN. This signaled that a regulated entity with a global user base sees strategic value in ZBCN.
Adding to the bullish outlook for ZBCN, there’s a speculation of a potential collaboration with Ripple (XRP). While no formal deal has been announced, the partnership talk has fueled a massive rally in ZBCN price in late May.
