Founded by veterans of Uber and E * Trade, crypto-broker Voyager will acquire Ethos.io from Singapore for $ 4 million, CoinDesk reported.
Under the terms of the deal, Voyager will become the owner of a number of products, including the Ethos Universal Wallet wallet and the blockchain platform Ethos Bedrock. In addition, Ethos tokens issued in 2017 during the ICO will become the property of the broker.
The transaction will be paid for by shares of Voyager, which became public earlier this month. The amount of the transaction will be 7 million ordinary shares, which are currently traded at 0.80 Canadian dollars on the TSX Venture Exchange. Thus, Voyager will acquire Ethos for an amount equivalent to $ 5.6 million CAD (approximately $ 4 million). Closing the deal is expected in March.
Canadian TSX Venture Exchange also traded shares of the Cryptobank Galaxy Digital LP.