Netcapital, a financial technology company listed on the Nasdaq Stock Exchange, has acquired the crypto-native protocol Mixie in a deal that is described as a bridge between traditional and decentralized finance.
Mixie was the acquisition of NetCapital’s portfolio company Zelgor, the company told Cointelegraph on Monday.
A spokesperson said this is the first time a publicly listed company has obtained an encrypted local protocol dedicated to expanding the blockchain industry.
Based in Boston, Massachusetts, NetCapital operates a digital capital markets platform that helps private companies raise funds while giving investors access to private equity opportunities. Its funding platform, NetCapital Funding Portal, is registered with the U.S. Securities and Exchange Commission (SEC).
According to Yahoo Finance Data, the company was publicly traded in September 2017 and went public in September 2017. According to Yahoo Finance Data, the stock is considered a nano-stock with a total market value of approximately $6.8 million.
Netcapital said it particularly attracted Mixie tokenized infrastructure and accelerator models that supported early founders. The company said the acquisition was intended to enhance “synergy between Mixie’s token capabilities and Netcapital’s browser-based security offering.”
Crypto M&A is on the rise
2025 is forming a busy year of crypto mergers and acquisitions, which shows a broader wave of consolidation as the industry matures.
M&A hit another record in the first quarter, with crypto exchanges highlighting Kraken’s $1.5 billion acquisition of NinjaAccording to the architects’ partners.
The research firm calculated six transactions in the first quarter, worth $100 million or more.
Mergers and acquisitions grew in the second quarter, Coinbase Dol of $2.9 billion Get the crypto derivative exchange deribit, and Ripple Pay $1.5 billion Hidden paths for major brokers.
With more favorable regulatory conditions in the United States and the possibility of a decline in financing costs, the merger and acquisition wave will continue to be widespread this year.
Earn’M CEO Dan Novaes told Cointelegraph Mergers may continuewith the industry being overcrowded and destroyed.
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