Today stablecoin and payments firm Circle announced it has agreed to acquire Taiwanese web3 infrastructure startup CYBAVO. The blockchain infrastructure firm has several web3 product offerings that could be of interest to Circle.
These include CYBAVO Vault, an institutional digital asset custody solution that uses multi parti computation (MPC) and Cashflow Manager. The latter enables a corporate to make bulk deposits and withdrawals from millions of addresses. In combination, these solutions work for various applications, from cryptocurrency exchanges to web3 games.
Circle says it plans to incorporate CYBAVO’s solutions as a new product pillar for the company.
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