Circle Internet Financial Ltd., one of the most valuable U.S. cryptocurrency marketplaces, agreed to acquire crowdfunding firm SeedInvest as it seeks to help startups issue digital tokens and allow its own customers to trade a wider variety of coins.
Terms of the transaction were not disclosed. SeedInvest, founded in 2012, helps private companies raise money from individuals on the internet. Investors can browse through businesses on the platform and then, depending on their eligibility, buy a piece of their favorite one. The New York-based firm facilitates the equity-crowdfunding service through its broker-dealer, SI Securities LLC.