The SoftBank Latin America Fund made the investment, which valued 2TM Group at $2.1 billion USD.
The company intends to use the funds to grow the team to 700 by the end of 2021, accelerate growth across its portfolio, which will also include digital wallet provider MeuBank, subject to regulatory approvals. In 2021, 2TM Group will also launch Bitrust, a digital custodian, subject to regulatory approval.
Led by Roberto Dagnoni, Executive Chairman & CEO, and Gustavo Chamati, Co-Founder and Board Member, 2TM Group is a Brazilian holding company managing a range of digital asset services and solutions. Mercado Bitcoin is a cryptocurrency exchange, which processed transactions totaling almost $5 billion USD in volume in the first five months of 2021. Sister companies include:
United-states
Brazil
Brazilian
American
Roberto-dagnoni
Gustavo-chamati
Mercado-bitcoin
Brazilian-central-bank
Mtm-group
Softbank-latin-america-fund
Blockchain-academy
Latin-american