Trends
Tether invests $200 million in Blackrock Neurotech
Tether invests $200 million for a majority stake in brain chipmaker Blackrock Neurotech, aiming to enter the advanced technology space.
Headline
Tether invests $200 million for a majority stake in brain chipmaker Blackrock Neurotech, aiming to enter the advanced technology space.
Context
Cryptocurrency company Tether has announced a significant $200 million investment in Blackrock Neurotech, a manufacturer of brain-computer interfaces, a move that not only signals the company’s expansion into the advanced technology sector but also signals the future of a deeper convergence between technology and human life. Also read: Tether partners with Celo network to expand USDT distribution
Evidence
Pending intelligence enrichment.
Analysis
Tether corporation has announced the completion of a $200 million investment in Blackrock Neurotech , a US-based brain chipmaker, through which Tether becomes the company’s largest shareholder. Tether CEO Paul Aldoino said that the transaction was completed as a result of months of due diligence and that Blackrock Neurotech’s market capitalisation is currently around $350 million. The funds invested will be used primarily for the commercialisation and rollout of Blackrock Neurotech’s technology. Also read: UK fintech TransferGo secures $10M investment, eyeing expansion
Key Points
- Tether has invested $200 million in brain chipmaker Blackrock Neurotech, making it its largest shareholder.
- Blackrock Neurotech develops brain-computer interfaces that show great potential for application in human life.
- Through its investment arm, Tether Evo, Tether is committed to advancing the convergence of technology and human capabilities and accelerating its growth in the high-tech sector.
Actions
Pending intelligence enrichment.
