FINRA Approves Goldman Sachs’ Circle’s Bid For Purchase Of SeedInvest Token Marketplace Broker Dealer
FINRA Approves Circle’s Bid For Purchase Of SeedInvest
Circle has been narrow-mindedly focused on increasing the support behind its operations and scalability. A recent capital raise was recently reported amongst many crypto news outlets, but Circle is not quite done with the attention yet. Pursuing the purchase of SeedInvest, Circle’s request has just been approved by FINRA, according to a report by Abacus Journal
The corporate blog post from Circle details this acquisition, showing the definitive agreement has already been put in place for the purchase, and SeedInvest is considered to be the registered broker-dealer with the SEC and FINRA. With the new acquisition, Circle will be able to provide both businesses and individuals to raise the capital that they need for investor interactions. All of the offerings provided through the acquisition will need to be approved through FINRA first.
Continuing, the blog post dives into the product that SeedInvest provides, which includes support for regulated crowdfunding, along with support for startups, issuing securities, and payments and securities custody, and more. It also introduces tools that make it possible for the marketing of crowdfunding opportunities. Now, with the merger in place, the opportunities will also include “crypto-dominated” investments, which includes securities and stablecoins.
Predominantly, Circle is an institutional trading platform, but the adaption that this acquisition offers to send a clear signal that they want a broad approach available to clients. In fact, the way that the blog post was written suggests that they want to bring on STO-like transactions with as much opportunity as possible. The growth of the crypto market, even with the bearish trend, has been impressive. Now, as Circle brings these opportunities to the market, they join other players that are pushing into cryptocurrency against the odds.