In line with a recent official ‘web-blog‘ post, Goldman Sachs-backed renowned crypto finance firm Circle proclaimed that it closed the acquisition of SeedInvest, a crowdfunding platform and registered operator of a broker dealer.
As ‘reported‘ earlier in Oct. last year, this ongoing acquisition deal would let Circle to expand SeedInvest’s offerings to support crypto assets, as well as fiat ‘stablecoins‘ and issuing and providing tokenized securities. At the time, the acquisition was placed on hold till the United States FINRA [Financial Industry Regulatory Authority] approved the deal.
As per the announcement, the acquisition added that after Circle obtained regulative approval by the FINRA, closing the acquisition. The acquired company can reportedly continue to operate ordinarily and would enable Circle to additionally explore asset tokenization.
In line with the stats ‘reported‘ on its web-site, SeedInvest successfully funded over 220 firms and counts over 260,000 individuals; the overall investment made via SeedInvest ‘reportedly‘ amounts to over $115 Mln.
Moreover, as per an unconfirmed ‘report‘, Circle itself is additionally willing to boost $250 Mln of funding in a very combination of equity and debt.
A recent acquisition by crypto exchange Coinbase spurred differences after news rumours that the acquired digital intelligence firm ‘Neutrino’ was related to the Hacking Team, that ‘allegedly‘ sold tracking software to authoritarian regimes.