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Bitcoin Unicorn Circle Closes Acquisition of Crowdfunding Startup SeedInvest

Mon, 03/04/2019 - 20:03
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Alex Dovbnya
??Circle bags another major acquisition that dates back to October 2018 while reportedly planning to raise $250 mln??
Bitcoin Unicorn Circle Closes Acquisition of Crowdfunding Startup SeedInvest
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Cryptocurrency unicorn Circle has recently made an announcement about closing the acquisition of SeedInvest, an equity crowdfunding company. The crowdfunding pioneer will continue operating in a usual way after its employees join the 300-strong Circle team.    

Circle CEO Doubles Down on His Call for Regulatory Clarity During Recent Reddit AMA

Making fundraising easier  

As reported by U.Today, the deal took place back in October 2018, but Circle had to get the green light from FINRA to see it through. SeedInvest is one of the leading equity fundraising platforms in the US that allows innovative businesses to raise capital online with the help of run-off-the-mill retail investors. Because of the partnership with Circle, SeedInvest will support multiple cryptocurrencies, including tokenized securities.  

The tokenization trend  

Tokenization of traditional financial assets will bring more investors to the market by eliminating multiple limitations. Circle predicts that more function of private equity, such as dividend payouts, will be eventually undergo partitioning into tokens. On top of bringing more capital to fledgling companies, tokenization will also improve the way businesses interact with their customers.

It is worth noting that tokenization has already become a pervasive trend in the crypto space. Earlier, Circle CEO Jeremy Allaire himself claimed that everything would be tokenized in a matter of years.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at