Nexo, a UK-based institution that buys and sell cryptocurrencies, said Tuesday it is acquiring a piece of Texture Capital Holdings Corp., parent of Texture Capital Inc., a Financial Industry Regulatory Authority Inc. member and Securities and Exchange Commission registered broker-dealer.
Terms of the deal, including the percentage Nexo is buying of Texture Capital Holdings, were not disclosed.
Based in Brooklyn, New York, Texture Capital Inc. opened last year and is owned by Richard Johnson, who is also its CEO, according to its BrokerCheck profile. Johnson did not return a call Wednesday to comment.
According to a statement from Nexo, its investment in Texture Capital is part of its seed funding round. "Texture Capital offers a regulated, blockchain-enabled marketplace that caters to accredited and institutional investors, while also enhancing private capital liquidity," according to Nexo.
Texture Capital is one of a handful of broker-dealers licensed to trade and issue digital asset securities as well as being registered in all 50 states and several territories, according to Nexo.
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