Blockchain-linked Cryptocurrency Fund Argo Will Become Public Through a Reverse Takeover
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Pluto Digital Assets, a crypto-focused venture capital fund, will go public on UK-based alternative trading system Aquis via a reverse takeover of NFT Investments.
It is worth mentioning that the two companies are associated with the founders of mining company Argo Blockchain.
A part of the deal, NFT Investments will issue $130 million in shares to Pluto’s shareholders, giving them this way a 70.5% stake in the combined firm.
Pluto Digital Assets has previously created Pluto V, a subsidiary that has invested in several Web 3.0 and NFT-related projects. The division has also purchased a strategic stake in game development studio Maze Theory. The next step will be the creation of blockchain games based on the P2E model.
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