The crypto payments giant Circle is in the crypto news today for the closing of its new acquisition of the popular crowdfunding platform SeedInvest, which is also a registered operator of a broker-dealer.
According to an official post on Circle’s blog published today, the ongoing acquisition started last year but progressed over the past month, allowing Circle to expand SeedInvest’s offerings in order to support cryptocurrencies such as fiat stablecoins, Bitcoin and other altcoins as well as issuing and offering tokenized securities.
Even though last year the acquisition was put on hold by the US-based Financial Industry Regulatory Authority (FINRA), it is currently completed. As soon as Circle obtained regulatory approval by the FINRA, the acqusition came to an end. The acquired company will continue to operate normally and will allow Circle to further explore the asset tokenization.
As the official stats published on the website show, SeedInvest has so far funded over 220 companies and has more than 260,000 users. The total investment made via the website has crossed the $115 million mark.
Meanwhile, Circle is still interested in raising $250 million of funding in a combination of equity and debt.
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