Baillie Gifford, one of the world’s renowned asset management companies, has invested in Blockchain.com, which is a Bitcoin wallet and blockchain explorer. In the announcement on Tuesday, the crypto company said that Gifford’s investment is the largest single funding they have ever received.
Baillie Gifford Invested $100 Million in Blockchain.com
The Edinburgh-headquartered asset manager reportedly invested about $100 million USD in the cryptocurrency company. The investment comes as part of the recently-concluded Series C funding, wherein Blockchain.com secured about $300 million USD. DST Global partners led the investment round, and it included Lightspeed Ventures and VY Capital, per the announcement.
Baillie Gifford is a 110-year-old asset management company with an early record of investment in today’s biggest tech companies, including Amazon, Google, Tesla, Airbnb, and so on. The investment in Blockchain.com marks its first move in the cryptocurrency space as a startup investor.
As one of their first investments in a crypto company, we’re honored to include them on our journey to bring the next 1B people into crypto. It’s also a validation that a balanced and diversified retail/institutional business has incredible growth potential in the coming years.
Peter Smith, the CEO, and co-founder of Blockchain.com, wrote.
Blockchain.com is currently valued at $5.2 billion following the latest funding round.
Blockchain.com is Interested in Going Public
Besides being a household name in the crypto space, Blockchain.com is also one of the digital currency companies interested in going public, following Coinbase’s stock debut on NASDAQ last week. While speaking with The Telegraph, Smith said they are planning to debut on the public market “when the moment’s right for us, and we’re figuring out when that is.”
Kraken and eToro are two other crypto-related companies expecting to go public in the coming years.
Join in the conversation on this article’s Twitter thread.
Disclaimer:
The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.
Credit: Source link
