Blockstream acquires Adamant Capital, Tuur Demeester’s bitcoin fund

Blockstream, the infrastructure company, announced the acquisition of Adamant Capital, the cryptocurrency fund founded by bitcoin maximalist Tuur Demeester.

The not mentioned big deal in this tweet here is @TuurDemeester, the guy that was my signal in the noise around bitcoin, back in 2015.

Congratulations @Blockstream and @TuurDemeester.

Hope you keep up the high standards.

— Joris Kemperman (@j_kemperman) May 22, 2021

Terms of the deal were not disclosed. Demeester will become an advisor to the new division and join the board.

Adamant Capital will be transformed into Blockstream Finance, which will offer clients investment products based on the Liquid Network.

Blockstream’s Liquid Network, developed by Blockstream, is a settlement and payments network for bitcoin exchanges, market makers, brokers and other market participants.

Currently, Blockstream offers security tokens called Blockstream Mining Note. They provide the holder with the right to mine bitcoin at the company’s facilities in the US and Canada.

Earlier, the crypto-lending platform BlockFi will place mining equipment for cryptocurrencies in one of Blockstream’s data centers.

In January 2021, the company entered the market with the Jade open-source hardware cryptocurrency wallet for storing assets on the Liquid Network.

Follow ForkLog news on VK!