Blockstream Capital Partners, the investment arm of Montreal-based Blockstream, said in a release it acquired Corbiere Capital Management of New Jersey because it wants to eventually offer a full suite of investment products in both bitcoin and traditional finance. The companies did not disclose the terms of the deal. (The Logic)
Talking point: Blockstream split into three parts in April, spinning out its mining and hardware divisions as separate companies. The company launched in 2014 with the goal of encouraging Bitcoin development and adoption by employing open-source developers, funding research and growing the digital asset’s reach. Blockstream Capital Partners also acquired Switzerland’s Berglinde, which specializes in bitcoin-backed lending, in October. In January, Blockstream led a US$75-million funding round for digital asset firm Komainu, the first such transaction to be funded entirely in bitcoin.
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