The company raised the money in the form of subscription receipts, which let investors receive shares contingent on a transaction, from Digital Currency Group, Animoca Brands, FalconX and others. The Cayman Islands-based firm is founded by Karia Samaroo, the founder and former CEO of Toronto crypto company WonderFi. It is expected to start trading on the TSX Venture Exchange Wednesday. (The Logic)
Skip to content
The company raised the money in the form of subscription receipts, which let investors receive shares contingent on a transaction, from Digital Currency Group, Animoca Brands, FalconX and others. The Cayman Islands-based firm is founded by Karia Samaroo, the founder and former CEO of Toronto crypto company WonderFi. It is expected to start trading on the TSX Venture Exchange Wednesday. (The Logic)
Talking point: Samaroo’s new company is hopping on a big trend by planning to invest its treasury in TAO, the native token of the US$3.9-billion Bittensor blockchain. The phenomenon of public companies accumulating crypto has been called the industry’s trend of the year, as well as a potential systemic risk to crypto markets. The company will also operate infrastructure that helps validate transactions on Bittensor, which aims to use crypto to reward the creation of innovative machine learning models.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Solomon says new laws will address Canada’s AI trust deficit
Briefing
Feds should have rules for weighing military needs and economic benefits in defence buys, ombud advises
Peblik executive director sentenced to jail for crypto marketing fraud
PSP posts 6.5% return, boosts Canadian assets
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
