Circle, a Goldman Sachs-backed crypto finance firm, stated that it completed purchasing of SeedInvest. Interestingly, SeedInvest is definitely a crowdfunding platform and registered operator on the broker-dealer. The news was reported by means of a post on crypto exchange Coinbase’s official blog published March 4.
Several crypto media outlets initially reported in regards to the ongoing acquisition in October last year, noting that the deal will facilitate Circle to add to SeedInvest’s offerings to shore up digital assets and cryptocurrencies. Included in these are fiat stablecoins as well as issuing and offering tokenized securities. It is usually to be noted the fact that acquisition was place on hold before the United States Financial Industry Regulatory Authority (FINRA) permitted the deal, at the time.
As per the announcement, the purchase completed after Circle obtained regulatory consent through the FINRA, closing the purchasing. Interestingly, the acquired company will allegedly always operate usually and will supposedly allow Circle to help you explore asset tokenization.
Notably, SeedInvest has effectively funded over 230 companies and counts over 260,000 users, as per the stats reported on its website. Furthermore, the complete investment made by means of SeedInvest allegedly comes down to over $115 million.
In the meantime, much like an unconfirmed report, Circle is also trying to raise $250 million of funding with a combination of debt and equity.
A recent acquisition by cryptocurrency and digital asset exchange Coinbase spurred hullabaloo after news broke the fact that the acquired digital intelligence firm Neutrino was associated with Hacking Team. It is actually to be noted that Hacking Team allegedly sold tracking software to authoritarian regimes.