BABB & ReDeFi: End of Year — Our Journey Through 2023 🏁

Celebrating Milestones and Setting the Stage for Future Developments 🏆

4 min readDec 22, 2023


As we reflect on the remarkable journey of BABB and ReDeFi in 2023, it’s clear that the year has been nothing short of extraordinary. From strategic partnerships to technological advancements with Onchain Money, we’ve not only achieved significant milestones but have also laid a strong foundation for future growth. Here’s a wrap-up of our incredible year and a sneak peek into what’s ahead in Q1.

Strategic Alliances and Product Launches 🚀

  • 🤝 Partnerships: Our collaboration with ClearBank and Railsr marked a significant step forward, leading to the successful launch of GBP Accounts and Debit Cards. This alliance is a testament to our commitment to bringing innovative banking solutions to our users. Although our collaboration with Railsr is ending, we can’t wait to announce our newest partner.
  • 🌍 Expansion: By adding 15 new countries to our supported list, we’ve broadened our reach, ensuring more users globally can access our services.
  • 💶 Euro Integration: In partnership with Modulr, we’re gearing up to launch EURO Accounts & Debit Cards, further expanding our mission and vision.
  • 👮 Security: We’ve revamped the BABB app with the latest security standards and upgraded infrastructure, prioritising the safety of our user’s assets.
  • 🚨 ReDeFi: Introduced the ReDeFi project to the public, collecting valuable feedback and we continue improving the product through rigorous testing.
  • ⛓️ Onchain Money: The most anticipated and newest narrative in DeFi and traditional financial markets. It’s a better alternative to stablecoins and aims to mirror traditional banking accounts on-chain. We also announced the first banking partner, ClearBank.
  • 💰 Self-Custody Wallet: Offering users autonomy and security in their transactions, this wallet is a critical addition to our suite of services.
  • 🌐 BAX Evolution: BAX will adopt the RDF20 token standard and will serve as a layer-1 token in our ecosystem.

Leaving our Mark in the Global Arena🦶

  • WebSummit Participation: Our presence at the WebSummit in Lisbon not only showcased our innovative spirit but also allowed us to exchange insights with global tech leaders and extraordinary individuals.
  • Crypto Wharf Event: This was the first of many events to follow. We’ve created a platform for thought leadership and industry dialogue.

Welcoming New Talents 👩‍💻🧑‍💻

Our team has expanded with the addition of dynamic members in back/front end and marketing, like Rafal, Alyssa, James, Svitlana, Chris, Loren, Ivan, and Alexey, each bringing unique skills and perspectives.

Looking Ahead: Q1 and Beyond 🧑‍🚀

  • EUR Accounts and Debit Cards: Set to launch in Q1 2024, these additions will enhance our money services portfolio.
  • Onchain Money: One of our most anticipated launches for a product, aims to go live in Q1-Q2 in 2024.
  • ReDeFi Blockchain: Currently we are in the devnet phase. In Q1 we will transition to the testnet phase for public feedback and demonstration of its capabilities. We expect this to be live by the end of Q1 next year.
  • GBP Debit Cards: We’re refining our GBP debit card in collaboration with our new partner, Modulr. More details will follow after the holiday period.
  • Private Sale: Announced the private sale in the Crypto Wharf event. This will be exclusively for users holding BAX and who wish to purchase the RED token. More details will follow soon enough.(1)

(1) Subject to regulatory considerations.

As we bid farewell to an eventful 2023, we had many ups and downs, but we are inspired by your dedication, support and feedback. We wanted to extend our heartfelt gratitude to our community, partners, and team members who’ve been there in our success.

Here’s to 2024 brimming with innovation, growth, and breakthroughs in the world of finance and blockchain. ❤️

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Babb aims to deliver accessible, secure, convenient and cost-effective mobile banking services designed to serve the global microeconomy —