(Bloomberg)
2TM Participacoes SA, owner of the biggest Brazil-based cryptocurrency brokerage, raised $50 million as it hunts for acquisitions to expand into additional Latin American markets.
The company, backed by SoftBank Group Corp., received investments from 10T Holdings, a U.S.
RIYADH: 2TM Participacoes SA, backed by the SoftBank Group and owner of the largest Brazilian cryptocurrency brokerage, is looking for acquisitions to enter other Latin American markets, Bloomberg reported. The plan is to expand into Mexico, Colombia, Chile and Argentina to become a provider of blockchain infrastructure for financial markets in the region, including services
The SoftBank Latin America Fund announced a $200 million investment in Sao Paulo-based 2TM in July, valuing the company at $2.1 billion the first crypto unicorn in the region.