Block.one's blockchain technology spinoff is joining forces with publicly listed Far Peak Acquisition Corporation at a $9bn valauation.

Bullish, a US-based digital asset services provider backed by blockchain software provider Block.one, has agreed a reverse merger with special purpose acquisition company Far Peak Acquisition Corporation.

The deal will give Bullish the listing on New York Stock Exchange taken by Far Peak through a $550m initial public offering in December 2020.

EFM Asset Management is anchoring a $300m private investment in public equity deal supporting the transaction that includes funds and accounts managed by BlackRock in addition to…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.