West Realm Shires Services, Inc., the U.S.-based owner and operator of the FTX crypto exchange, has invested $100 million in a strategic partnership with banking app Dave.
Kompanija primljen a $100 million investment from the exchange of a $2 billion venture capital fund- FTX Ventures.
Dave CEO Jason Wilk said about the partnership：
“Vjerujemo da blockchain tehnologija ima potencijal da izjednači finansijske uslove širom svijeta. Usklađivanjem s liderom svjetske klase kao što je FTX US, u poziciji smo da uđemo u arenu digitalnih sredstava, istražimo nove mogućnosti rasta i poboljšamo iskustvo članova.”
The investment was made through unsecured convertible notes, a type of short-term debt, from FTX Ventures, a venture fund with over $2 billion. The note bears an annual interest rate of 3.00% (compounded semi-annually).
FTX US will be the exclusive cryptocurrency partner of the Dave platform and will introduce digital assets to the Dave trading platform.
Dave’s went public in January through a special purpose acquisition company (SPAC) merger with VPC Impact Acquisition Holdings III, valued at up to $4 billion.
Brett Harrison, President of FTX USA, expressed his delight at the investment and stated that both parties share the same vision, commenting:
“We consistently look to align with companies that share our vision, have unique and disruptive business models, and can help drive widespread adoption of digital assets. Dave is a great fit as they check all three boxes. We see significant growth opportunities ahead for both of our companies and are excited to be working with Dave.”
This month, top-notch cryptocurrency exchange FTX has partnerski with AZA Finance, a Kenyan-based fintech company, to expand its global footprint and presence on African soil.
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Source: https://blockchain.news/news/ftx-ventures-forms-strategic-partnership-with-banking-app-daveinvests-100m