Hidden Road, a chief broker dedicated to both crypto and traditional possessions, has received an incoming approach to acquisition, according to two people with knowledge of this matter.
The acquisition talks go on to a native crypto company who wants to get a hidden road, people say, but there is no guarantee that will do any deal.
Hidden Road refused to comment.
The company has raised nearly $ 50 million in the last 12 months, from investors including the crypto venture capital firm Dragonfly Capital, one of the people said.
One of the investors, a native crypto firm, has since created a strategy to buy a hidden road, the person added.
The Dragonfly Capital did not respond to a request for comment by time of publication.
Brokers are an integral part of the plumbing of financial markets. They provide trading services, financing and caution in large institutions.
The hidden road raises $ 50 million in a Series of a funding of funding In July 2022. The cycle was led by Castle Island ventures, with participation from Citadel Securities, FTX ventures, uncorrelated ventures, greycroft, XBTO Humla Ventures, Wintermute, SLN Capital, Profluent Trading, Coinbase Ventures and corner Capital.
The company is said to be weighing choices including a potential sale or increasing capital that can appreciate the firm for more than $ 1 billion, according to a Bloomberg report Last month.
