Cryptocurrency anti-money laundering company Notabene has completed a $14.50 million Series B financing round, led by DRW Venture Capital.

Notabene, a cryptocurrency anti-money laundering company, has completed a $14.50 million Series B funding round led by DRW Venture Capital. Notabene aims to assist cryptocurrency trading firms in complying with AML regulations and provides a SWIFT-like crypto transaction information network for virtual asset service providers (VASPs). Currently, 165 companies, including Copper, OKX, and Ramp, are utilizing its platform. As Europe integrates updated Transfer of Funds Regulations (TFR) into cryptocurrency trading, Notabene CEO Pelle Braendgaard expects a significant increase in platform transaction volume, which currently processes about $2 billion in transactions daily. He pointed out that compliance requirements in Europe will drive the global crypto industry into a more stringent regulatory framework. Braendgaard predicts that under a future Trump administration, the U.S. may follow Europe’s TFR and MiCA policies to attract crypto trading back to the United States.