Gobi Partners has announced an investment in Transak, a company that provides regulated infrastructure for converting between traditional currencies and digital assets.
Founded in 2019, Transak has established its APAC headquarters in Hong Kong.
The company is expanding regional integrations with payment networks and banking partners. This is to support regulated digital asset payments across Asia.
The platform enables fintech firms and financial institutions to offer bidirectional conversion between fiat currencies and digital assets.
All of this is done through a single API.
It incorporates identity verification (KYC), anti-money laundering (AML) controls, risk monitoring, licensing requirements, and local payment integrations across more than 64 countries.
Transak currently holds over 21 regulatory approvals across jurisdictions including the US, UK, Eurozone, Australia, Canada, and India.
More than 600 applications globally integrate Transak. These integrations support access to over 130 digital assets across 45 blockchains.
The platform serves more than 10 million users, who can transact through bank transfers, cards, local payment methods, and stablecoins.
The investment reflects Gobi Partners’ view that regulated digital asset infrastructure will play an increasing role in cross-border payments, remittances, and financial services, as adoption of blockchain-based systems continues.
Jamaludin Bujang, Managing Partner of Gobi Partners, said,
“The future of digital asset adoption depends on infrastructure that meets the expectations of regulators, financial institutions, and global enterprises. Compliance, licensing, and risk management are no longer differentiators; they are operating requirements.”
Sami Start, Founder and Chief Executive Officer of Transak, added,
“When we started Transak in 2019, moving between traditional money and crypto was broken. We set out to fix that by building the infrastructure that allows financial applications to operate compliantly.”
Featured image credit: Gobi Partners press release