Circle plans to open a crypto-crowdfunding platform based on the startup SeedInvest
Crypto payment company Circle intends to acquire crowdfunding platform SeedInvest to help startups issue digital tokens and enable their clients to trade a wider range of assets, Bloomberg reports..
The terms of the deal have not been disclosed at the current stage. SeedInvest was founded in 2012 and is dedicated to helping private companies raise capital from individual investors online. Investors can get acquainted with startups on the platform, and then make a decision on investment.
If the deal is approved by regulators, Circle will be able to adopt SeedInvest’s tools, repurposing them to work with digital assets. It can also take Circle one step closer to offering securities that qualify as securities on its platform..
“This company is partnering with the government on innovative ways to raise capital,” said Jeremy Aller, CEO of Circle. “Cryptocurrency securities will become a major category of securities that all companies will eventually use, just like any business has its own website.”.
In February, Circle acquired the major US cryptocurrency exchange Poloniex. At the same time, the company unveiled its plan to expand support for tokens of various categories, which is consistent with today’s announcement..
“We see ahead of us a reliable multi-party distributed marketplace where tokens representing all kinds of value will be traded: tangible goods, securities, real estate, creative products such as art, music and literature, operating and temporary leases, loans, futures, and more” Circle co-founders Jeremy Aller and Sean Neville said at the time..
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