{"id":46727,"date":"2021-07-27T09:56:08","date_gmt":"2021-07-27T06:56:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=46727"},"modified":"2025-09-01T17:50:32","modified_gmt":"2025-09-01T14:50:32","slug":"mts-buys-controlling-stake-in-factorin-blockchain-platform-for-867-million-rubles","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/mts-buys-controlling-stake-in-factorin-blockchain-platform-for-867-million-rubles\/","title":{"rendered":"MTS buys controlling stake in Factorin blockchain platform for 867 million rubles"},"content":{"rendered":"<p>The mobile operator MTS has acquired a controlling stake in Factorin, the company behind the eponymous blockchain platform for trade finance.<\/p>\n<p>MTS now owns 51% of the company, with venture builder Digital Horizon, which helped establish Factorin, holding 24%. The platform&#8217;s team retains a further 25%.<\/p>\n<p>The purchase price amounted to 867 million rubles, of which 350 million will be allocated to developing the company. Following the deal, Factorin was valued at 1.7 billion rubles.<\/p>\n<p>MTS said the new acquisition is aimed at expanding the ecosystem of financial services for corporate clients.<\/p>\n<p>In 2020, the turnover of the Factorin blockchain platform <a href=\"https:\/\/forklog.com\/en\/news\/factorin-blockchain-platform-turnover-exceeds-1-billion\">exceeded $1 billion<\/a>. Its clients include Russian retailers Magnit and Dixy.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 crypto news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mobile operator MTS has acquired a controlling stake in Factorin, the company behind the eponymous blockchain platform for trade finance.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[25,1934,1672],"class_list":["post-46727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain","tag-factoring","tag-mts"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=46727"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46727\/revisions"}],"predecessor-version":[{"id":46728,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46727\/revisions\/46728"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=46727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=46727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=46727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}