[ad_1]
The Bitfury Group acquired a minority interest in the block fraternity service company Final Frontier. Both organizations are trying to use their mutual knowledge and experience in traditional and digital financial spaces to potentially release a new line of financial products and services designed to help professional investors get their hands on digital assets.
"Our mission is to be the bridge to traditional finance institutions to enter this innovative asset class," said Final Frontier co-founder Imraan Moola in a public statement. "Bitfury's technological expertise, combined with our financial market expertise and expertise, will enable us to create unique and differentiated financial products and solutions to serve our sophisticated investor base."
Bitfury is a full-service blockchain technology company that has begun to focus on cryptocurrency mining. Among the latest hardware versions of the company are semiconductor chips and mobile data centers.
Bitfury is also the developer behind other blockchain projects including Exonum, a private blockchain framework; Crystal Blockchain, an advanced analysis platform; and LightningPeach, an open source Lightning Nnetwork project.
Final Frontier, based in the famous Crypto Valley of Switzerland, is a cryptocurrency and a blockchain investment company. Among the main objectives of the venture, professional traders and investors enter the encrypted space.
The CEO of Bitfury, Valery Vavilov, states: "It is a revolutionary partnership between a blockchain technology company and an experienced traditional finance team.With the institutionalized blockchain space, we consider it an important step forward for the whole ecosystem and for our mission to be the world's leading producer of blockchain. "
The news of the partnership arrives a few days after Bitfury closed a series C, an 80 million dollar round of financing led by Korelya Capital. The funds will be used to further develop the corporate exploration of emerging technology and enhance its software and hardware equipment. His partnership with Final Frontier raises doubts as to whether Bitfury is attempting to expand its reach into investment services.
Bitcoin Magazine reached at Bitfury for a comment. The company said it could not "provide more details right now", but "did not see the time to share more details in the future".
Also Final Frontier did not respond to our request for comment.
