The crypto finance company, Circle Internet Financial has been acquiring blockchain companies for quite some time now, with SeedInvest, a crowdfunding platform, and broker-dealer being the latest on its list.
Circle plans to expand SeedInvest’s offerings to include cryptocurrencies, which involves issuing and offering tokenized securities. This will ensure that companies get access to retail investors as well as provide investors with secondary market liquidity at Circle’s cryptocurrencies exchange.
Speaking at an interview, CIRCLE’s CEO Jeremy Allaire said;
“This was a company who had been at the forefront of collaborating with government to figure out how to make it possible to innovate in the way people raise capital. Crypto securities are going to become a major new category of securities that ultimately every business is going to adopt, just like every business has a website.”
Early this year, in April, to be precise, the crypto finance company shelled out a whopping $400 million for the acquisition of Poloniex, a U.S based crypto exchange. The full-fledged digital platform was one of the biggest and widely used exchange globally with Circle including an easy-to-use investment app to enable its investors, and Poloniex users purchase tokens.
They have also included a new feature on this crypto investment app called “Collections” which will give room for their customers to invest in several crypto assets in one tap. These collections are categorized as Platforms, Payments, and Privacy.
Last month, the company launched a stablecoin dubbed the “USD Coin (USDC),” with over 20 companies interested in supporting the USDC.
Established in 2013 by Goldman Sachs, a banking and management giant, the company offers financial services including a fiat money sending service, known as Circle Pay, and Circle trade, a liquidity provider of cryptocurrencies, reported to move over $2 billion every month.
With this acquisition in place and better financial models springing up by Circle from time to time, it is sure that investors and crypto users will have a better user experience using the leading crypto finance platform. Its partnership with the government also has ensured improved methods of capital funding for businesses.