Circle to Buy SeedInvest to Help Startups Raise Cash With Crypto

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Posted on 10/8/2018 12:36:58 PM

Circle Internet Financial Ltd., one of the most valuable U.S. cryptocurrency marketplaces, agreed to acquire crowdfunding firm SeedInvest as it seeks to help startups issue digital tokens and allow its own customers to trade a wider variety of coins. 

Highlights: 

Mainstream trading platforms have been reluctant to list many assets from so-called initial coin offerings because the tokens could fall under securities rules.

“It’s not just ‘how do we let companies do ICOs?”’ Allaire said. “It’s ‘how do we support the tokenization of everything?”’ 

Full article: https://www.bloomberg.com/news/articles/2018-10-05/circle-to-buy-seedinvest-to-help-startups-raise-cash-with-crypto