Home » Latest News » CryptoBlox Acquires Blockchain Fintech Unipessoal LDA

CryptoBlox Acquires Blockchain Fintech Unipessoal LDA

CryptoBlox Technologies Inc. recently acquired Blockchain Fintech Unipessoal LDA, a Portuguese corporation specializing in blockchain-based financial technologies. The acquisition, valued at $11,000,000, aims to strengthen CryptoBlox’s Diversified Blockchain Ecosystem and expand its presence in the blockchain fintech sector.

Executives from CryptoBlox and Blockchain Fintech shaking hands, symbolizing the $11 million acquisition and the strategic merger of blockchain fintech expertise.
Source: Coinbackyard

The strategic move comes after CryptoBlox witnessed a remarkable 700% increase in share value, enabling the company to leverage its market position for growth. Blockchain Fintech’s expertise aligns with CryptoBlox’s vision of creating a user-centric blockchain ecosystem focused on structured digital asset products and blockchain payments.

Through this acquisition, CryptoBlox aims to accelerate the launch of non-custodial digital asset products, empowering users with ownership and control over their digital assets. CEO Akshay Sood emphasized the integration of Blockchain Fintech technology as a pivotal step towards shaping the future of decentralized finance.

The acquisition underscores CryptoBlox’s commitment to transparency, accessibility, and user empowerment in the evolving landscape of blockchain technology and finance.

March 6, 2024 at 10:12 am

Updated March 6, 2024 at 10:12 am

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top