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Belgian BaaS mintBlue grabs €2M to become ‘decentralised AWS’

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Blockchain-as-a-service (BaaS) platform provider mintBlue has secured €2 million in a round led by Two Hop Ventures, with additional support from a Dutch angel investor and Ayre Ventures.

Basically, mintBlue is the go-to platform for developers to build with blockchain. It offers a proprietary API that allows companies large and small to migrate data to the public blockchain, thereby increasing data security, interoperability and traceability. As the leading blockchain development suite that provides data storage directly on the blockchain, they aim to become the ‘decentralised AWS.’

The Belgian startup’s solutions are non-custodial; this means that end users control their data and have no lock-in issues. The software supports a commercial level scale that allows for monetisation opportunities down to a thousandth of a cent.

Further, mintBlue’s software allows a growing list of companies to focus on their core operations without the need to devote time and resources to understanding complex blockchain infrastructure. 

Founded by Filip Mariën, Pieter Den Dooven and Niels V. van den Bergh,

mintBlue was recently selected by VISMA | yuki, a leading European cloud accounting solutions Iprovider, to integrate blockchain-based functionalities into its bookkeeping. The company has already handled over 700,000 NFT invoices for VISMA | yuki at an extremely low cost per invoice, improving efficiency while eliminating vectors for financial malpractice.

The Dutch angel investor backing mintBlue commented: “Blockchain technology is fascinating, and the mintBlue team has managed to develop one of the world’s first real-world use-cases for a public blockchain with VISMA, with more to come.”

Commenting on the investment round, mintBlue CEO Niels van den Bergh said: “With this investment, mintBlue will start its trajectory to become the de-facto blockchain infrastructure provider for web3. Platforms will lose market share over protocols, and we will be there to support that change.”

Two Hop Ventures general partner Alex Fauvel said: “mintBlue is one of the most knowledgeable and experienced teams in the blockchain industry, and Two Hop Ventures is proud to support them in their first funding round. With large partners and customers experimenting with putting and managing data on-chain, it is only a matter of time until traditional and modern enterprises are using mintBlue for all their blockchain integrations.”

Ayre Ventures founder Calvin Ayre added: “BitcoinSV (BSV) is the only public enterprise blockchain to offer unbounded scaling, and mintBlue exemplifies BSV’s unique capacity to handle large transaction volumes at a minimal cost. I look at mintBlue as Europe’s answer to Alchemy, the U.S. blockchain developer platform that recently raised $200m at a $10b valuation. As word spreads of mintBlue’s capacity to boost business via the BSV blockchain, I see mintBlue mirroring Alchemy’s meteoric rise.” 

— Press release

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