On-chain data is finally starting to be truly fed into traditional finance. This round of funding shows that banks indeed lack this set of infrastructure.

CryptoWorld News reports that Wu said he learned from glassnode’s Twitter post that its 2023 spin-off project, Cense, has completed a €6.5 million seed round, co-led by GD Ventures and Rabo Investments. Based on glassnode’s on-chain analytics capabilities, Cense provides infrastructure for banks to conduct large-scale assessment and record customers’ digital asset activity.