Pluto to merge with NFT Investments

Jan 25, 2022 • James Mawson

Argo Blockchain is set to exit cryptocurrency technology developer Pluto Digital in a reverse takeover, as Blockchain Founders Fund gets corporate help for a $75m fund.

UK-based cryptocurrency technology developer Pluto Digital has signed a non-binding letter of intent for a reverse merger with NFT Investments, an incubator specialising in the market for non-fungible tokens.

NFT plans to acquire Pluto, which is backed by blockchain technology provider Argo Blockchain, in return for 2.4 billion new shares in NFT priced at 4p each, equating to £96m ($120m).

News of the deal comes after NFT applied to list on the Neo Exchange, a Canadian stock exchange based in…

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James Mawson

James Mawson is founder and chief executive of Global Venturing.

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