Products: BCB Business Accounts, BCB Markets, BCB Treasury (a service designed to help companies interested in investing in Bitcoin as a treasury asset), BCB Yield Accounts (a product offering clients a return on their positions), BCB Wealth Partners (a comprehensive crypto service for private wealth clients).
Overview: BCB Group is a Europe-based provider of business accounts and trading services for the digital asset economy. It is regulated in the UK and Switzerland, providing accounts and payments processing in dozens of fiat and cryptocurrencies.
The group’s founders are Oliver Tonkin (Director) and Oliver von Landsberg-Sadie (CEO).
BCB offers business accounts with dedicated IBANs for companies in the digital asset economy, including cryptocurrency exchanges and funds, in up to 29 currencies. BCB’s platform supports major world currencies including GBP, EUR, USD and BCB offers all the major payment networks covered including UK FPS/CHAPS/BACS, Euro SEPA, international SWIFT and US ABA.
BCB also supports wallets and custody for major cryptocurrencies, stablecoins and other digital assets alongside fiat currency accounts.
All BCB clients have access to BLINC, a global payments network allowing members to pay each other instantly 24/7/365 across multiple currencies, stablecoins, cryptocurrencies and digital assets.
BCB’s partnership with financial tech firm Circle extends BLINC’s reach to include the stablecoin, USDC, for payments, clearing and custody.
BCB Treasury enables access to treasury management systems so that companies can allocate part or all of their capital into Bitcoin or other digital assets, and then hold, manage, grow and report on these assets.
Seed funding was secured in January 2018 from the Level39 connected community. BCB Group’s most recent funding round was in March 2021, bringing the total raised to $4.5m.
Clients: Bitstamp, Coinbase, Kraken, Gemini, Galaxy, BitPay, Circle, Crypto.com, Binance, Huobi, Nexo
Active region(s): Global
Partners: North Island Ventures, Blockchain.com Ventures, Pantera Capital, Pack Capital, L1D Digital, NKB Finance
Elevator pitch: “As Bitcoin price sentiment remains bullish and institutional interest picks up, corporations are beginning to understand that they need digital assets on their balance sheets. BCB Treasury provides a complete solution enabling access to treasury management for companies that wish to allocate part or all of their capital into bitcoin or other digital assets. BCB Treasury is an end-to-end service enabling treasury executives to enter, hold, manage, grow and report on a bitcoin-focused treasury strategy.”
Email: [email protected]
TMI view: With digital assets beginning what will likely be a steady ascent into the mainstream, here’s a platform pitched at helping treasurers manage their new assets end-to-end. BCB’s experience in other markets, such as private wealth, give it an edge.
Verdict: This could be a rare example of a solution launched with perfect timing.