Vault Ventures PLC (AQSE:VULT), a London-based blockchain and fintech firm, announced its signed an agreement for the acquisition of Kingbridge Capital to expand its offering.
An all share deal would potentially value Kingbridge at around £750,000, with the transaction priced at 0.0225p per Vault share.
It is expected to provide Vault with in-house custody and execution capabilities for crypto asset investments, including access to ETH – plus it holds cash assets worth around £375,000.
"As the ability to generate yield from BTC, ETH and Solana through institutional-grade strategies becomes increasingly important to our treasury approach, we believe the acquisition of Kingbridge could enhance our current model by adding a complementary yield layer," said Brian Stockbridge, Vault chair.
On the Acquis exchange, Vault shares were priced at 0.0175p.