In fact, a major player in the blockchain clearing services, actively seeks to buy companies in a wave of consolidation of the cryptographic industry triggered by a renewal of optimism on American regulatory clarity.
The company based in Toronto is targeting acquisitions between $ 100 and 200 million, with a strong regional presence or in blockchain ecosystems, such as Cosmos and Solana, said CEO Lorien Gabel. He said the company already had mandate sheets for certain transactions, added the report.
The figure helps institutions to win the yield by stimulating, according to which tokens are locked to help secure blockchain networks and validate the transactions supported by networks. The company currently manages about $ 15 billion in marked assets and employs around 150 people, said Gabel.
The wave of cryptographic offers, which includes the purchase of $ 1.5 billion from Kraken from Ninjatrader and the acquisition of $ 1.25 billion in Ripple from Hidden Road, comes as the Trump administration caused a more user -friendly regulatory environment. This environment has seen the American Commission on Securities and Exchanges of the Committee on Exchange for various Cryptographic Companies, the crypto-allied Paul Atkins recently took over the Commission.
Despite the acquisition strategy, the figure does not seek additional funding and has excluded a sale. Gabel, who co -founded the company and launched three previous startups, said it was determined to build the long -term fruit. “I prefer to go to zero,” he said.
The company has raised $ 165 million to date, according to Theie data. His latest series fund funding series was led by Thoma Bravo and saw the participation of Giants, notably Morgan Stanley, Starkwave and Franklin Templeton India.
Read more: Kraken to buy ninjatrader for $ 1.5 billion to enter the US crypto market
