The issuer of steablcoin USDC and the operator of the Bitcoin exchange Poloniex company Circle announced the completion of the purchase of the crowdfunding platform SeedInvest. As stated in the company's blog, the transaction, the terms of which are not disclosed, was completed after receiving the relevant permission from the Financial Institutions Regulatory Agency (FINRA).

Today has been, we were delighted to <br> we are to welcome Officially @SeedInvest to the Circle family, the after Receiving Approval Out from FINRA. https://t.co/HWqQVBAZfW

– Circle (@circlepay) March 4, 2019

As representatives of Circle stated, the acquisition of SeedInvest, one of the pioneers in the field of crowdfunding, was another step towards meeting the company's desire to create a more open and accessible to everyone global financial system.

“Today, SeedInvest is one of those market leaders, giving startups the opportunity to raise capital directly from investors via the Internet. This creates new capital formation options for startups, while ordinary retail investors have the opportunity to directly invest in innovative companies, ”said Circle in a statement.

For the first time, Circle’s intention to acquire SeedInvest became known in October last year . It is expected that Circle will give startups the opportunity to raise funds through a new platform by selling tokens. At the same time, SeedInvest "will continue to function in the same way as today, but will receive additional support."

"We believe that the tokenization of financial assets will help in raising capital for growing companies and open up investment opportunities for people around the world, " added Circle.

SeedInvest was established in 2012. The company succeeded in its time to attract $ 11 million investment. During its existence, the company has helped other startups to raise funds totaling $ 120 million.

Recall, the media has so far appeared unconfirmed information that Circle intends to attract an additional $ 250 million investment.

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