Ziglu Secures £5 Million Funding to Launch Innovative Ziglu Coin!

Ziglu Secures £5 Million Funding to Launch Innovative Ziglu Coin!

FCA-approved Ziglu is transforming the way Brits engage with cryptocurrencies by allowing them to buy, sell, and manage a variety of digital assets. With features like earning yield through its ‘Boost’ products and the ability to pay using a debit card, Ziglu is positioning itself as a versatile platform for both crypto enthusiasts and traditional finance users alike.

Background of Ziglu

Founded by Mark Hipperson, a former co-founder of Starling Bank, Ziglu made headlines in 2022 when it was close to securing a significant sale to Robinhood for $170 million. However, due to a steep decline in market valuations, Robinhood revised its offer to just $60 million, which ultimately led to the deal’s cancellation.

Recent Developments in the Cryptocurrency Market

Despite this setback, the cryptocurrency sector has recently experienced a resurgence, creating renewed interest in mainstream finance and wealth management. This uptick has prompted Ziglu to consider strategic expansions.

Ziglu’s Expansion Plans

In October, Ziglu announced its intention to acquire the retail arm of Gibraltar-based Damex. This move is expected to accelerate the company’s plans to broaden its banking, cryptocurrency, and investment services internationally.

Introducing Ziglu Coin

One of the most exciting developments is the upcoming launch of Ziglu Coin, a rewards-based cryptocurrency supported by a recently signed $10 million term sheet. Expected to debut in Q2 2025, Ziglu Coin will be accessible on both Ziglu’s platform and other major cryptocurrency exchanges.

  • Users can earn Ziglu Coin through the Ziglu app.
  • The coin will unlock various rewards and benefits through an enhanced subscription program.

Mark Hipperson highlights the significance of Ziglu Coin as a step towards enhancing utility and community engagement: “Our Ziglu Coin is an important step in bringing more utility, accessibility, community, and rewards to our users. We’re building an ecosystem where digital assets work seamlessly alongside traditional finance, giving people real-world value and control over their money.”

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Future Initiatives and Fundraising

To support these ambitious plans, Ziglu is raising £5 million. This capital will be instrumental in accelerating product development, expanding into European markets, and introducing a wider range of investment products, including equities, commodities, and cash savings.

For those interested in keeping up with the latest trends in cryptocurrency and finance, staying informed about platforms like Ziglu can provide valuable insights into the evolving landscape of digital assets.

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