Summary
- CoinDesk reported that Blockstream is seeking to acquire the traditional finance-based hedge fund Corbiere Capital.
- Blockstream said it plans to incorporate Corbiere's investment strategies into its asset management division through this acquisition.
- The outlet said that if the deal is completed, Blockstream could build a hybrid portfolio of traditional finance strategies and digital asset management.
On the 11th (local time), cryptoasset (cryptocurrency) specialist media CoinDesk reported that cryptoasset infrastructure company Blockstream is seeking to acquire traditional finance (TradFi)-based hedge fund Corbiere Capital.
According to the outlet, through this acquisition Blockstream plans to incorporate Corbiere's equity and event-driven (event-driven) investment strategies under its asset management division. Blockstream has been moving beyond its focus on Bitcoin infrastructure and mining operations, strengthening its asset management capabilities and expanding its business targeting institutional investors.
If the deal is completed, Blockstream is expected to be able to build a hybrid portfolio that combines traditional finance strategies and digital asset management.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
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