Spanish cryptocurrency exchange Bit2Me is formalizing its expansion beyond retail trading with the launch of Bit2Shield, a dedicated government and law-enforcement services unit structured as a separate legal entity called Cryptoshield SL. The new division will trace crypto assets linked to criminal activity, provide secure cold-wallet custody for seized funds, arrange court-ordered sales of confiscated assets, and conduct fraud investigations including fund-origin verification. It also offers training for police officers, judges, and bank compliance staff.
Bit2Shield builds on work Bit2Me already performed in 2025, when it processed roughly €1.5 million ($1.76 million) in seized cryptocurrency for Interpol, Europol, and Spanish national police. The exchange used blockchain analytics from Chainalysis to trace transactions and support liquidation. The company said it deliberately placed Bit2Shield outside the EU’s Markets in Crypto-Assets (MiCA) framework, treating it as investigative and forensic work rather than crypto-asset services, while any actual conversion of seized crypto to euros continues through its MiCA-authorized entity Bitcoinforme S.L.
The strategic shift is already visible in Bit2Me’s financials. Business-to-business services now account for 27% of total revenue, and trading volume reached €5.3 billion ($6.24 billion) in 2025, roughly eight times 2023 levels. Bit2Me holds a MiCA Crypto-Asset Service Provider license granted by Spain’s CNMV, reportedly after about €2.5 million and 3,000 hours of work. Its institutional custody service carries €150 million in insurance coverage from Lloyd’s, and its investors include Tether, Bankinter, Unicaja, Cecabank, and Telefónica. The company has flagged Portugal as an early target for European passporting.
The launch reflects a broader normalization of cooperation between crypto firms and public agencies. Bit2Me’s home-field position in Spain distinguishes it from international consortia such as the T3 Financial Crime Unit, which involves Tron, Tether, and TRM Labs and has assisted Spanish authorities including the Guardia Civil in freezing more than $100 million tied to organized financial crime. Analysts note that such services address a structural gap: police and courts often lack the technical capability to trace, store, and liquidate digital assets, especially given the Bank of Spain’s position that blockchain transactions generally cannot be reversed.
