M&A Deal Summary |
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|---|---|
| Date | 2021-06-22 |
| Target | MVP Workshop - Development Division |
| Sector | Information Technology |
| Buyer(s) | Celsius network |
| Sellers(s) | MVP Workshop |
| Deal Type | Divestiture |
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Celsius network addresses the financial needs of today’s consumers worldwide through a high-interest income and low-cost lending accessible via a mobile app. Built on the belief that financial services should only do what is in the best interests of the depositor community, Celsius is a modern platform where membership provides access to curated financial services that are not available through traditional financial institutions. Crypto holders can earn interest by transferring their coins to their Celsius Wallet and borrow USD against their crypto collateral at interest rates as low as 4.95% APR or earn up to 10% on stable coins and other crypto coins.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Information Technology) | 3 of 3 |
| Type (Divestiture) | 1 of 1 |
| Country (Serbia) | 1 of 1 |
| Year (2021) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-01 |
GK8
Tel-Aviv, Israel GK8 is an institutional digital asset self-custody platform that offers both traditional and crypto-native institutions an end-to-end platform for managing blockchain-based assets. The Company developed Cold Vault that enables its clients to create, sign, and send secure blockchain transactions without internet connectivity, eliminating all cyber attack vectors paired with a patented MPC for automatic transactions. The platform facilitates custody, staking, DeFi, NFT support, tokenization, trading, and more. Chosen by Mastercard to help it define the future of blockchain finance and payments, GK8 serves clients managing billions worth of digital assets, including social investing network eToro, Securrency, a blockchain fintech company backed by State Street, U.S. Bank, WisdomTree, and Abu Dhabi Catalyst Partners, Tezos Foundation, and Prosegur. GK8 is based in Tel-Aviv, Israel. |
Buy | $115M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-02 |
GK8
Tel-Aviv, Israel GK8 is an institutional digital asset self-custody platform that offers both traditional and crypto-native institutions an end-to-end platform for managing blockchain-based assets. The Company developed Cold Vault that enables its clients to create, sign, and send secure blockchain transactions without internet connectivity, eliminating all cyber attack vectors paired with a patented MPC for automatic transactions. The platform facilitates custody, staking, DeFi, NFT support, tokenization, trading, and more. Chosen by Mastercard to help it define the future of blockchain finance and payments, GK8 serves clients managing billions worth of digital assets, including social investing network eToro, Securrency, a blockchain fintech company backed by State Street, U.S. Bank, WisdomTree, and Abu Dhabi Catalyst Partners, Tezos Foundation, and Prosegur. GK8 is based in Tel-Aviv, Israel. |
Sell | - |
MVP Workshop is a blockchain product design and development studio driven by the exploration of disruptive technologies and their application in real-life scenarios. MVP Workshop was founded in 2017 and is based in Belgrade, Serbia.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Information Technology) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (Serbia) | 1 of 1 |
| Year (2021) | 1 of 1 |
