Prime Broker Hidden Road in Acquisition Talks with Virtual Asset Company
JH Kim
Summary
- Prime Broker Hidden Road has reportedly received an acquisition proposal from a virtual asset company.
- Hidden Road has raised about $50 million over the past year from Dragonfly Capital and others.
- Acquisition negotiations are currently underway, but the outcome is uncertain.
According to CoinDesk, a media outlet specializing in virtual assets (cryptocurrency), Prime Broker (a financial institution providing various services to investment firms) Hidden Road has received an acquisition proposal from a virtual asset company.
Currently, acquisition negotiations are underway, but the outcome is uncertain. Industry insiders report that Hidden Road has raised approximately $50 million over the past year from investors including virtual asset venture capital firm Dragonfly Capital, and one of these investors is said to have proposed the acquisition to Hidden Road.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.