The company plans to use the proceeds from the funding round to scale its technology to support an influx of new customers. Brændgaard added that beyond ensuring compliance, the identity-verification services Notabene provides also help build trust between consumers transacting in crypto, who want to ensure they are transacting with the correct counterparty and avoiding the risk of fraud. Of 25 crypto exchanges who responded to a survey by investor Jump Capital, 90% said they plan to use Notabene for travel rule compliance, Peter Johnson, a Jump Capital partner who is joining Notabene’s board of directors, told TechCrunch.