In congruence of its "tokenization of everything" mantra and its recent acquisition of a broker-dealer registration, Boston-based digital asset exchange Circle has acquired SeedInvest (an equity crowdfunding platform that has helped startups raise more than $100m from retail investors) in a bid to change the way startup equity is issued as digital security tokens.
SeedInvest will bring 30 employees to Circle’s New York office, according to a press release. The company, led by CEO Ryan Feit, has raised about $11 million itself, and has helped startups raise more than $120 million. “It’s not just ‘how do we let companies do ICOs?”’ Allaire said. “It’s ‘how do we support the tokenization of everything?”’