Foresight News reported that Dutch Bitcoin asset management company Blockrise has obtained a license from the Netherlands Authority for the Financial Markets (AFM) under the new European Markets in Crypto-Assets Regulation (MiCAR), allowing it to continue providing financial services in the Netherlands and planning to expand across Europe. In addition, Blockrise will offer this new Bitcoin-backed loan service to all corporate clients this week, with commercial loans starting at 20,000 euros.
Earlier this year, Blockrise raised 2 million euros in a seed round from a consortium of venture capital firms and angel investors. This was the company's first external financing, aimed at driving business growth. With the acquisition of the MiCAR license, Blockrise is preparing for a Series A round, aiming to raise 15 million euros.