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ADDX sells stake in Cybavo to Circle

Private market exchange ADDX has confirmed that it sold its stake in Cybavo to US-based Circle Internet Financial Limited as part of Circle’s acquisition of Cybavo earlier this year.

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ADDX Has Sold a Stake in CYBAVO as Part of Circle s Acquisition of the Digital Asset Infrastructure-as-a-service Business

Private market exchange ADDX has confirmed that it sold its stake in CYBAVO to US-based Circle Internet Financial Limited, a global financial technology firm and parent company of the issuer of USD Coin (USDC), as part of Circle’s acquisition of CYBAVO earlier this year. Taiwan-based CYBAVO is an infrastructure-as-a-service platform providing digital asset custody technology

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Circle Completes Purchase Of Digital Asset Firm CYBAVO, ADDX Sells Stake

Circle Completes Purchase Of Digital Asset Firm CYBAVO, ADDX Sells Stake
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Circle Signs Definitive Agreement to Acquire Crypto Infrastructure Platform CYBAVO

Deal will integrate CYBAVO's non-custodial digital asset infrastructure service with Circle Products and expand enterprise and developer services for those building on USDC and Web3 BOSTON, June 10, 2022 /PRNewswire/ TodayCircle Internet Financial Limitedsigned a definitive agreement to acquire Taiwan-basedCYBAVO, a breakthrough crypto technology company that provides platforms for digital asset custody and blockchain application development. CYBAVO's "infrastructure as a service" platform combines their unique "Distributed Risk and Responsibility Model" for digital asset custody and security, highly customizable workflows and operational controls designed for the most demanding enterprise or financial industry workflows, and a deeply extensible model for integrating and running blockchains, protocols and smart contracts. Together with CYBAVO, Circle hopes to advance the adoption of USDC and Web3 applications while deeply integrating the technology into ou

United statesSan franciscoTim hsuJeremy allaireCrypto platform servicesCircle internet financialCryptographic module validation programCircle productsCircle internet financial limitedPaul fanCircle accountCrypto platformInternet financialDeal will integrate cybavo 39s non custodial digital asset infrastructure service with circle products and expand enterprise developer services for those building on usdc web3 bostonJune 10022 prnewswire todaycircle internet financial limitedsigneda definitive agreement to acquire taiwan basedcybavo

Circle to Acquire Taiwan-based Web3 Infrastructure Platform Cybavo

The focus of the acquisition is to advance the adoption of the USDC stablecoin and Web3 applications while integrating Circle's core product offerings.

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