Mentioned:
There’s a new crypto company coming to the Nasdaq. And Tether is leading their IPO.
What’s happening:
- Singapore based digital asset lending and financing company Antalpha Platform Holding Company has officially filed an Form F-1 with the United States Securities and Exchange Commission for an IPO onto the Nasdaq
By the numbers:
- Antalpha Platform Holding Company is aiming to raise approximately $46M USD in their IPO financing round
Why it matters:
- Stablecoin giant Tether has committed to leading Antalpha Platform Holding Company’s IPO round with a $25M USD investment
Going deeper:
- Antalpha Platform Holding Company is a digital asset lending business focused primarily on providing financing deals for mining rigs and hardware
- Crypto mining hardware giant Bitmain has a formal partnership with Antalpha Platform Holding Company in which Bitmain uses Antalpha Platform Holding Company as their primary financing and lending partner for customers
The intrigue:
- Tether also recently made waves on Wall Street with the launch of a business combination between Twenty One Capital and Cantor Equity Partners (NASDAQ: CEP) in which both Tether and SoftBank will contribute billions of dollars in Bitcoin into the newly formed publicly traded company upon closing of the SPAC transaction
