Netcapital, a monetary know-how firm listed on the Nasdaq inventory change, has acquired crypto-native protocol Mixie in a deal that has been described as a bridge between conventional and decentralized finance.
Mixie, a no-code Web3 gaming platform, was acquired by Netcapital’s portfolio firm, Zelgor, for an undisclosed quantity, the corporate advised Cointelegraph on Monday.
A spokesperson mentioned it was the primary time a publicly-listed firm has acquired a crypto-native protocol particularly to broaden the blockchain trade.
Headquartered in Boston, Massachusetts, Netcapital operates a digital capital markets platform that helps personal firms elevate capital whereas giving buyers entry to personal fairness alternatives. Its funding platform, Netcapital Funding Portal, is registered with the US Securities and Alternate Fee (SEC).
The corporate, which trades beneath the ticker NCPL, went public in September 2017. The inventory is taken into account a nano-cap with a complete market capitalization of roughly $6.8 million, in accordance with Yahoo Finance information.
Netcapital mentioned it was particularly drawn to Mixie’s tokenization infrastructure and accelerator mannequin that helps early-stage founders. The acquisition was touted for enhancing “synergies between Mixie’s tokenization capabilities and Netcapital’s browser-based safety providing,” the corporate mentioned.
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Crypto M&A exercise on the rise
2025 is shaping as much as be a busy 12 months for crypto mergers and acquisitions, signaling a broader wave of consolidation because the trade matures.
M&A offers reached one other report excessive within the first quarter, highlighted by crypto change Kraken’s $1.5 billion acquisition of NinjaTraders, in accordance with Architect Companions.
The analysis firm counted six transactions valued at $100 million or extra within the first quarter.
M&A exercise has ramped up within the second quarter, with Coinbase doling out $2.9 billion to accumulate crypto derivatives change Deribit, and Ripple paying $1.5 billion for prime brokerage Hidden Street.
The M&A wave was broadly anticipated to proceed this 12 months, pushed by extra favorable regulatory circumstances in america and the potential for declining financing prices.
EARN’M CEO Dan Novaes advised Cointelegraph that consolidation will possible persist, because the trade stays overcrowded and overtokenized.
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