FTX was among the backers in the Baidu, Bitmain, CreditEase and Wanxiang-backed virtual currency platform’s latest round as it reportedly prepares for a reverse merger.

US-based blockchain payment platform developer Circle has closed a $440m round that included cryptocurrency exchange FTX, reportedly the largest round so far for a crypto-focused company.

Financial services and investment groups Fidelity and Digital Currency Group (DCG) also took part in the round, as did Atlas Merchant Capital, Breyer Capital, Intersection Fintech Ventures, Marshall Wace, Pillar VC, Valor Capital Group, Willett Advisors and Michael J Price and Friends.

Founded in 2013, Circle provides peer-to-peer financial software which helps users invest,…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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