Key facts
- Cense, a crypto compliance platform, raised €6.5 million in a seed funding round.
- G+D Ventures and Rabo Investments co-led the funding round.
- Cense is a spinout of Glassnode, focusing on bridging crypto and traditional banking compliance.
- The platform automates crypto compliance due diligence and produces auditable documentation for banks.
- Funding will accelerate technological development and European market expansion.
Cense, a specialized crypto compliance and evidence platform that originated as a 2023 spinout from Glassnode, has successfully closed a €6.5 million seed funding round. The investment was co-led by G+D Ventures and Rabo Investments, with participation from angel investors. This funding is earmarked to support the ongoing expansion of Cense's platform across Europe and to further its technological development. Cense aims to address the significant operational gap that exists between the crypto-native financial ecosystem and the traditional banking sector, a need identified as a major unmet requirement in digital asset markets. The platform automates the process of crypto compliance due diligence by collecting and analyzing data from wallets, exchanges, and transactions. It generates standardized, auditable documentation that enables banks to confidently engage with crypto-related client activities and transactions, bridging the limitations of conventional AML systems and pure crypto analytics tools. The founders, who also established Glassnode, bring extensive experience in on-chain analytics and entrepreneurial ventures. This investment underscores the growing institutional adoption of digital assets and the increasing complexity of the regulatory landscape, necessitating robust compliance infrastructure.