The British regulatory agency's first CryptoSprint was focused on digital asset information disclosure, custody and other regulatory obligations.
Given the increasing risks of crypto, it is important to bring it into the regulatory perimeter as a matter of urgency, the European Central Bank said in a report.
Market instability in stablecoins will need to be taken into account, the FCA's executive director for markets said.
The U.K. regulator will meet crypto experts to discuss how to handle disclosing information related to issuance of crypto assets, regulatory obligations and custody regulations.
The investment brings the company's valuation to $100 million.
The round was led by venture capital fund White Star Capital and decentralized autonomous organization Stake Capital.
The VC arm of Gate.io will invest in layer 1 and layer 2 protocols that can help build an open internet.
The company also announced the formation of OneFootball Labs, a joint venture with Animoca Brands and Liberty City Ventures to accelerate its expansion into Web 3.
The global investment bank says it is looking into NFTs in the context of financial instruments because that is where the power is.