Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

Seeking Alpha 2021-07-29 11:46:19

DMG Blockchain announces strategic investment of $2M in Bosonic

DMG Blockchain Solutions (OTCQB:DMGGF) announced a $2M strategic investment in San Francisco, California-based Bosonic, Silicon Valley tech company, targeted at institutional adoption of cryptocurrencies and is synergistic with its recent investment in Brane Capital. Bosonic provides critical infrastructure eliminating counterparty credit and settlement risk in Digital Asset Markets. The investment in, and resulting partnership with Bosonic, facilitates DMG's access to Bosonic's two primary technology infrastructures - institutional exchange and Layer-2 blockchain-powered clearing and settlement solutions designed to eliminate counterparty credit and settlement risk. "By completing this transaction, DMG's new partnership will help the company develop more financial service-related functionality for the Blockseer Ecosystem. This initiative represents significant potential monetization of existing Blockseer clients and the ability of DMG for the first time to aggressively enter the consumer market for Blockseer platforms," CEO Sheldon Bennett commented. DMG investment is part of a larger strategic investment into Bosonic that eventually converts into Bosonic preferred

freebitcoin
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.