G+D Ventures and Rabo Investments have co-led a €6.5 million seed round in Cense, the crypto compliance and evidence platform for financial institutions and a 2023 spinout of Glassnode. The round was joined by a group of angel investors and will support the continued European expansion of the Cense platform.
This is a notable moment for Glassnode. Cense is the first venture to be spun out of the company. The decision reflected a clear conviction: one of the largest unmet needs in digital asset markets is the operational gap between crypto-native activity and the traditional banking system. That problem required a dedicated company, led by the same founders and powered by the same on-chain analytics foundations that Glassnode has spent years developing.
“When we founded Glassnode, our mission was to make on-chain data understandable and useful for anyone serious about digital asset markets. Cense extends that mission into the regulated banking layer, applying the same analytical rigor to one of the most consequential workflows in finance. Spinning Cense out as an independent company was the right way to give that mission the focus and pace it deserves, and this funding round confirms that the market sees the opportunity as clearly as we do,” says Jan Happel, co-founder and CEO of Glassnode.
The funding comes at a structural inflection point for digital assets. Capital is increasingly moving between crypto and traditional finance, whether through long-held positions being realized, stablecoin liquidity moving across venues, or institutional allocators repositioning at scale. Banks are now being asked to engage with clients and transactions that their existing infrastructure was not designed to assess. The operational layer that connects on-chain activity to bank-grade compliance documentation has become one of the clearest unmet needs in the market.
The Cense platform addresses this gap. By collecting and analyzing wallet, exchange and transaction data, it automates crypto compliance due diligence and produces standardized, auditable documentation that banks can act on. Conventional AML systems were not built for digital assets, while pure crypto analytics platforms often fail to reflect the regulatory and decision-making realities of financial institutions. Cense bridges that gap by translating complex on-chain activity into structured, bank-usable evidence.
“What stands out most is the team behind Cense: the founders have already built two successful companies, including Glassnode, and are early pioneers in the space. They combine strong product expertise with proven entrepreneurial experience. The market opportunity is equally compelling, driven by accelerating institutional adoption of digital assets and an increasingly complex regulatory environment that demands precisely such solutions,” says Andreas Barthelmes, Principal at G+D Ventures.
“Banks need trusted infrastructure to manage digital asset exposure with the same confidence they apply to financial crime and compliance,” says Dennis Wohlfarth, CEO of Cense. “This investment validates Cense’s position as that infrastructure layer. G+D Ventures and Rabo Investments bring deep expertise, strong banking networks and operational experience, giving us a strong foundation for the continued expansion of Cense.”
“What I find compelling about Cense is that the team understands both the complexity of digital assets and the operational realities of financial institutions. That combination is rare, and it is exactly what is needed when building infrastructure for banks,” says Sander ten Hagen, Investor at Cense.
Pascal Deck, Investor at Rabo Investments, adds: “Cense addresses a critical blind spot in crypto compliance by combining on-chain and off-chain insights, enabling institutions to onboard clients with greater speed, confidence and regulatory clarity, positioning it as a key enabler for scaling into digital assets. As more investors incorporate crypto into their portfolios, solutions like Cense are essential to turn a traditionally complex onboarding process into a seamless and scalable experience.”
With the new funding, Cense will accelerate the technological development of its platform and expand its market presence across Europe.
About Cense
Cense is a Swiss crypto intelligence specialist, founded in 2023 as a spinout of Glassnode. The Cense platform helps banks and financial institutions gain visibility into customers’ digital asset activity and provides the infrastructure to assess, document, and manage that activity at scale while meeting increasing regulatory requirements.
