Early Riders Backs Aureo with $1.1M for Secure Bitcoin Custody in Latin America

Aureo, previously known as Swapido, secured $1.1 million in pre-seed funding from Early Riders to build a specialized Bitcoin platform focused on secure custody, transactions, and advisory services for high-net-worth individuals, family offices, and companies in Mexico and Latin America. The company, which started in October 2024 facilitating Lightning Network-to-peso conversions, is rebranding to offer white-glove services, including multi-institution custody (MIC) advisory and local fiat integration, positioning itself against U.S. firms like Onramp and River but tailored for the region. Aureo holds a Bitcoin Service Provider (BSP) license from El Salvador and is compliant with Mexican regulations. The executive team includes CEO Gustavo Flores Echaiz, who previously co-founded Veriphi, and other members with experience from firms like Unchained Capital and Bitrefill. Aureo plans to launch a "Buy" feature and collaborate with Onramp Bitcoin to develop a LatAm-specific MIC platform, aiming to capture billions in idle capital across the region.

(Source：Bitcoin Magazine)