Announced
Completed
Financials
Sources
Tags
United States
Friendly
Domestic
Single Bidder
Acquisition
crypto lending
Private
Completed
IT Services: Other
Synopsis
Bnk To The Future, an online investment platform, agreed to acquire SALT, a crypto-backed lending firm. Financial terms were not disclosed. "Never has the importance of leadership, regulations and over collateralization been more relevant in the crypto industry than right now, given the painful lessons of 2022's collapse. We see a time-sensitive threat to our sector, which could be an opportunity to help bring trust and hope back to so many who have been devastated by recent events, and a clear path towards a compliant business that we have been working on since late 2016," Shawn Owen, SALT CEO.
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