Circle to buy crowdfunding site SeedInvest to help startups raise cash with crypto

posted 2 months ago
Crypto company Circle is reportedly moving to acquire SeedInvest, a crowdfunding platform for startups. Circle's acquisition will – if approved by regulators – open to the door to allowing startups to raise funds by selling digital tokens via its platform. CEO Jeremy Allaire told the publication: "This was a company who had been at the forefront of collaborating with government to figure out how to make it possible to innovate in the way people raise capital. Crypto securities are going to become a major new category of securities that ultimately every business is going to adopt, just like every business has a website."

"We envision a robust multi-sided distributed marketplace that can host tokens which represent everything of value: physical goods, fundraising and equity, real estate, creative productions such as works of art, music and literature, service leases and time-based rentals, credit, futures, and more," co-founders Jeremy Allaire and Sean Neville wrote at the time.
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