Crypto firm Fireblocks buys payments tech platform for $100 million

FILE PHOTO: FILE PHOTO: Illumination of the stock graph is seen on the representations of virtual currency Bitcoin in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic/File Photo

NEW YORK (Reuters) - Fireblocks, an infrastructure provider for cryptocurrencies, has acquired First Digital, a stablecoin and digital asset payments technology platform.

Fireblocks and First Digital said on Wednesday they had reached a cash and equity deal, without disclosing financial details, but two sources close to the deal said the purchase price was $100 million.