Blockstream is pushing deeper into mainstream finance through its investment arm, Blockstream Capital Partners, which has acquired New Jersey-based hedge fund Corbiere Capital Management. The move supports Blockstream’s ambition to offer investment products spanning bitcoin and traditional assets, though deal terms were not disclosed.
It follows a busy year for the Montreal company, which split into three entities in April and has been actively deploying capital. Blockstream Capital bought Switzerland’s Berglinde last fall and, in January, led a US$75-million funding round for Komainu funded entirely in bitcoin. Founded in 2014, Blockstream has long focused on expanding Bitcoin’s adoption and infrastructure.
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