Bridgepoint Moves on New Digital Asset Bet
Ht.digital raises 262m. The new funding follows Bridgepoints agreement to buy a majority stake in the company. The deal values the digital asset assurance firm at 200m. It signals rising institutional interest in blockchain services.
The investor announced the acquisition on Tuesday. It said demand for regulated crypto services is rising. It also said exchanges and asset managers now want stronger audit processes.
Interest in digital asset audits has grown since FTX collapsed three years ago. The event pushed regulators to demand clearer reporting. It also forced firms to introduce proof-of-reserve checks.
