SBI, Ripple, OKWave and Credit Saison have exited the digital currency trading service in an acquisition by Coinbase.
Cryptocurrency exchange Coinbase has acquired Switzerland-based cryptocurrency wallet developer BRD for an undisclosed sum, marking exits for corporates SBI Holdings, Ripple, OKWave and Credit Saison, CoinDesk reported yesterday.
Formerly known as Breadwallet, BRD launched a mobile wallet before developing a blockchain-based online platform with more than 10 million users that allows them buy and sell cryptocurrencies like Bitcoin and Ethereum as well as tokens.
Crypto payment processing platform developer Ripple, the owner of the XRP cryptocurrency, made an investment of over $750,000 in BRD through corporate venturing arm Xpring in October 2019 through a deal adding XRP to its platform.
Financial services firm SBI’s cryptocurrency investment arm, SBI Crypto Investment, had provided $15m in series B funding for the company in January 2019. A year earlier, it had raised $32m from investors including East Ventures, bringing its total funding to $40m.
Crowdsourced information provider OKWave and Saison…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
