Announces strategic partnership to create socially responsible and financially inclusive solutions enabled by Rootstock Blockchain and Rootstock Infrastructure Framework (RIF)
Greengage, which plans to become the first digital asset merchant bank, today announced the addition of its first institutional investment receiving a commitment of £2.5 million from Gibraltar-based portfolio firm, RootstockLabs. This latest investment will support Greengage’s ongoing expansion, technology developments, and team growth, including the hire of a new CFO, Head of Operations, Head of Compliance, and Money Laundering Reporting Officer.
As a long-standing investor and builder in digital finance, RootstockLabs is an ideal partner for fellow Gibraltar-based firm Greengage. RootstockLabs’ vision of building a safe and equitable global financial system that enables everyone to participate and prosper chimes closely with Greengage’s own mission, including its goal to support the expansion of B2B lending to underserved markets such as SMEs. Greengage will be supporting Rootstock Blockchain, the first Bitcoin sidechain, and the RootstockLabs Infrastructure Framework (RIF), which provides the building blocks for a fully decentralized economy.
Commenting on the investment, Greengage CEO, Sean Kiernan said: “RootstockLabs has long been recognized in Gibraltar – and globally – as one of the top pioneers in the digital finance world. Their team combines deep technology expertise with a vision to build an internet of value which provides greater financial freedom and is open to everyone.” He continued “ We are excited to have an institutional investor of this caliber and to explore together the future possibilities of cryptocurrencies, digital identity, and clean, decentralized finance developed on top of the world-leading Rootstock blockchain and Rootstock Infrastructure Framework platforms. We look forward to building on this investment to bring innovative new financial services solutions to the market.”
Diego Gutierrez Zaldivar, cofounder of Rootstock said: “We are delighted to partner with Greengage and join them in making a key contribution to build a more equitable and decentralized financial system. We are excited to be part of the growth of their robust digital banking platform, which uses advanced technologies to facilitate cost-effective transactions for underserved SMEs within both traditional currency and crypto asset markets.
Greengage is currently engaged in the regulatory approval process with the GFSC to receive a Gibraltar banking license.
About Greengage
Greengage is the first fully integrated financial services group bridging traditional fiat currency banking and trading with the emerging digital asset and cryptocurrency sector. It plans to become the first merchant bank for the digital finance sector, with its mission to be the premier, trusted and secure platform, providing access to the traditional, digital and crypto economy.
For more information visit: https://www.greengage.co
About Rootstock
Rootstock is the first, biggest, and longest lasting Bitcoin sidechain. It is the only Bitcoin layer 2 that combines the security of Bitcoin’s proof-of-work, with Ethereum’s smart contract capabilities.
Rootstock is open-source, EVM-compatible, and secured by over 60% of Bitcoin’s hashing power, which makes it a gateway to a vibrant ecosystem of dApps that continues to evolve to become fully trustless.