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. REUTERSDado RuvicFile Photo

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.

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