Payments giant Mastercard said it has agreed to acquire crypto intelligence firm CipherTrace as it aims to “extend its capabilities deep into the field of digital assets.”
“The integrated offering will build on CipherTrace’s suite of digital assets and Mastercard’s cyber security solutions to provide businesses with greater transparency to help identify and understand their risks and to help manage their digital asset regulatory and compliance obligations,” the company said.
Terms of the agreement were not disclosed, and the transaction is anticipated to close before the end of the year, pending certain conditions.
(to be updated)
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