Crypto neo-bank Shield announced on Monday that it has raised a $5 million seed round led by Giant Ventures. “We wanted to help bring blockchain technology into the real economy by solving real problems,” Udotong told TechCrunch. The company is registered as a money service business in the U.S. and registered as a crypto exchange in the EU. Shield said since its launch, it has processed more than $100 million in payments, $40 million of which came just from the last month. “That includes expanding licensing coverage, upgrading transaction monitoring and fraud detection, and growing our compliance team headcount and expertise,” Udotong said.