Sawyer will become a strategic adviser rather than take the helm of Zodia Solutions, as previously announced.
The crypto exchange operator, which confidentially filed for a U.S. listing last November, had already put its IPO plans on hold amid difficult market conditions.
Potential buyers, including Exodus, passed on BitMEX amid concerns over founder ownership and its shrinking business, according to a source familiar.
The tokenized-assets firm is considering an acquisition valued at $250 million to $500 million as consolidation accelerates across crypto infrastructure.
The tokenized-assets firm is considering an acquisition valued at $250 million to $500 million as consolidation accelerates across crypto infrastructure.
LMAX is working with Morgan Stanley and investment bank KBW to assess its options, which could lead to a sale or a public offering.
The SBI-owned crypto trading firm is said to have attracted takeover interest from a number of suitors over the past 18 months, but valuation has been a sticking point.
The deal adds institutional trading clients, derivatives expertise and regulatory licenses as Keyrock looks to deepen its presence in crypto capital markets.
The bid, made together with Advent, follows an earlier expression of interest. PayPal has been reluctant to engage with the offer thus far.
The broker said operational consolidation is blurring the lines between exchanges, brokerages and sportsbooks, creating conditions for acquisitions across the prediction market ecosystem.
The institutional banking provider is expanding into digital asset custody, liquidity and execution services as former Zodia Custody CEO John Cronin takes the helm.
The investment bank said the purchase of Japanese crypto exchange Bitbank is a bet on regulated scale as sweeping reforms reshape the country's digital asset market.
SBI said the purchase of the crypto exchange is set to close in October.
The DeFi lender is rebuilding after the fallout from April's KelpDAO exploit sparked a multibillion-dollar exodus of deposits despite Aave itself not being hacked.
The Brussels-based digital asset services firm plans to purchase BlockFills months after the Chicago-based company filed for Chapter 11 bankruptcy, if a court approves.
The crypto exchange's investment arm and Korea Investment & Securities will each invest KRW 80 billion ($53 million) as Coinone pushes into stablecoins and tokenized securities.
Samsung Securities is set to take a 2% stake in Dunamu, worth over $200 million, from affiliates of technology conglomerate Kakao.
With MoonPay Trade, the crypto payments firm is building infrastructure for banks, fintechs to access stablecoins, tokenized funds and yield in a one-stop shop.
Cantor Fitzgerald has been appointed to help with the sale, according to sources.
Crypto infrastructure providers are drawing renewed investor interest as Wall Street deepens its push into digital assets.
The bank's offer to acquire the slice of Zodia Custody it doesn't already own has been accepted by the firm's other shareholders and noteholders.
OKX's planned move into the South Korean market would echo that of Binance, which completed its acquisition of Seoul-based Gopax last year.
The South Korean bank announced plans for a won-pegged stablecoin, blockchain remittances and tokenized securities.
The crypto exchange operator is pursuing a new fundraising round as it ramps up acquisitions across derivatives and stablecoins while laying the groundwork for a future public listing.
The deal brings a regulated transfer agent into the Bullish stack, expanding the firm's end-to-end tokenization capabilities.
The deal gives Payward control of a fully licensed U.S. crypto derivatives stack, accelerating its expansion in regulated markets.
The acquisition ties in the retail trading platform with advanced wallet technology meant to help protect users' assets.
Deutsche Börse teamed up with Kraken in December to bridge traditional and digital markets and help expedite institutional cryptocurrency adoption in Europe.
Interested parties are considering buying select parts of the business, particularly its shuttered European operations, to secure regulatory licenses, rather than pursuing a full takeover.
Payments giant Mastercard moves to bridge fiat and crypto with $1.8 billion acquisition of the U.K. based stablecoin startup.