A British firm, Quantoz, which offers blockchain solutions, has disclosed plans to raise huge cash with Fabric Ventures, Kraken, a famous cryptocurrency exchange, and Tether, the largest stablecoin issuer, as investors. Although the amount has been undisclosed, the implication is an excellent vote of confidence in Quantoz’s expansion into fiat-backed stablecoins within evolving European regulations.”
Separately, Quantoz issued a press release earlier this year describing its EURQ and USDQ stablecoins as “100% fiat-collateralized.” The coins are supervised by an independent foundation under the authority of the Dutch Central Bank (DNB) and invested in designated accounts among well-selected credible banking institutions. The company also asserts that the reserves encompass other “liquid securities, such as government securities.”
Due to the EU’s recently passed Markets in Crypto-Assets Regulation (MiCAR), Quantoz has to pass specific criteria regarding reserves. The firm said it holds an extra 2% buffer on its books as additional protection, per the MiCAR regulations, to protect users and maintain market stability in digital assets.
Stablecoin Regulation and Investor Confidence Bolster Quantoz’s Growth Strategy
The funding comes as stablecoin issuers turn their attention to regulatory compliance. The relationship between Quantoz and its big-name investors could help create confidence in its products over time, especially as stablecoins integrate into the financial world’s circulatory system.
Quantoz’s strategies and compliance with regulations show its desire to make EURQ and USDQ credible options in the stablecoins sphere. Although the company has not revealed the exact dates of its tokens, it has highlighted its ability to facilitate cross-border payment and other DeFi solutions.
The funding round, in which Tether, the issuer of the market’s most popular USDT stablecoin, participated, indicates a desire to develop a stablecoin market in general.
It remains very encouraging to see a notable global investment firm such as Kraken and a pan-regional venture investor party, Fabric Ventures, invest in a structurally sound business model that offers compliant yet efficient digital payment solutions for institutional clients.
With more nations starting to accept stablecoin legislation, Quantoz’s active compliance and significant industry support might serve as a model for the rest of the sector.
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