Tenity has invested in CryptoSwift as part of the company’s €510,000 pre-seed round, alongside Startup Wise Guys, DEPO Ventures, and strategic angels. The investment reflects Tenity’s continued focus on enabling the future of regulated finance through infrastructure that combines deep technical innovation with regulatory alignment.
Tallinn, July 3, 2025 – Tenity has invested in CryptoSwift as part of the company’s €510,000 pre-seed round, alongside Startup Wise Guys, DEPO Ventures, and strategic angels. The investment reflects Tenity’s continued focus on enabling the future of regulated finance through infrastructure that combines deep technical innovation with regulatory alignment.
CryptoSwift is building the foundational compliance layer for crypto — enabling secure, seamless data exchange between Virtual Asset Service Providers (VASPs), banks, and regulators. As the Markets in Crypto-Assets (MiCA) regulation and the Travel Rule reshape crypto’s operational landscape in Europe, the startup’s infrastructure-first approach positions it to become a category-defining player.
“As crypto matures and regulation catches up, the winners will be those building infrastructure that makes compliance invisible, secure, and interoperable,” said Kevin Chavanne, Investment Manager at Tenity. “CryptoSwift does exactly that. This team brings rare technical and regulatory fluency, and the company has already shown strong traction. With the Travel Rule and MiCA setting a new global standard, we believe regulated Web3 infrastructure is no longer optional for fintech investors — it’s the next frontier.”
This investment is part of Tenity’s broader strategy to support founders building essential infrastructure at the intersection of regulation and innovation. Here’s why Tenity chose to back CryptoSwift:
- Founder with proven execution
CryptoSwift is led by solo founder Indrek Ulst, who combines deep technical expertise, sharp commercial execution, and strong regulatory fluency. He previously built a software development agency serving both startups and established players, delivering infrastructure-grade products and ventures recognized across the startup ecosystem—experience that’s essential for navigating the demands of a compliance-first crypto market.
- Timing: Compliance as a competitive advantage
As Europe moves decisively toward regulation-first crypto frameworks with MiCA and the Travel Rule, compliance infrastructure becomes not just necessary but strategically valuable. CryptoSwift is already demonstrating early traction as a go-to solution for secure and efficient data exchange among regulated entities.
- Strategic synergies across Tenity’s ecosystem
CryptoSwift is already engaging with fintechs, banks, and enablers within the Tenity platform. The collaboration is accelerating product-market fit and creating real-time regulatory alignment opportunities that benefit the broader Tenity ecosystem.
“New regulations and the Travel Rule aren’t things crypto companies want to spend their days on, but they have to. At CryptoSwift, we’re here to handle the Travel Rule topics, so our clients can focus on what they do best: building products and growing their businesses. We simplify complex Travel Rule compliance, making it easy to integrate seamlessly into existing business processes. Partnering with Tenity and our other incredible investors lets us move faster and smarter on this mission, driving innovation and trust in the regulated crypto ecosystem.” Indrek Ulst, Founder & CEO of CryptoSwift
A new standard for regulated fintech infrastructure
Together, Tenity and CryptoSwift are helping to set a new benchmark for what compliant crypto infrastructure should look like. By combining Tenity’s deep ecosystem of regulated fintech innovators with CryptoSwift’s infrastructure capabilities, the partnership is fast-tracking the development of tools that will enable Web3 to integrate seamlessly with traditional finance — securely, compliantly, and at scale.
About Cryptoswift:
CryptoSwift is an end-to-end crypto Travel Rule infrastructure provider. Our API-first solution makes it easy for crypto businesses to comply with the Travel Rule without disrupting their existing workflows. We work with Virtual Asset Service Providers (VASPs/CASPs) and crypto compliance companies, delivering secure, automated infrastructure that covers all major global Travel Rule requirements.
Whether you’re a VASP, CASP, or a compliance provider serving crypto clients, CryptoSwift’s infrastructure simplifies the complex Travel Rule landscape, so you can focus on building products and growing your business, while we handle the Travel Rule.
About Tenity
Tenity is a global innovation powerhouse shaping the future of finance and technology. With hubs across Europe and Asia, Tenity blends venture capital, open innovation and global ecosystem access to create value that compounds. Since launch, it has partnered with over 65 institutions, supported 1,600+ startups, and runs innovation programs in 15+ countries.
Tenity. Fintech makers – and other impossible things
