Nasdaq-listed fintech Netcapital acquires crypto native protocol Mixie
Nasdaq-listed fintech company Netcapital has acquired the crypto-native protocol Mixie, a no-code Web3 gaming platform, through its portfolio company Zelgor. This acquisition indicates a strategic move to bridge traditional finance with decentralized finance, marking the first instance of a publicly-listed firm acquiring a crypto-native protocol aimed at enhancing blockchain industry capabilities. Following the announcement, NCPL shares increased by over 16%, reflecting a 48% rise year-to-date. Netcapital, based in Boston, operates a digital capital markets platform assisting private companies in raising capital and enabling investor access to private equity opportunities, complying with US SEC regulations. The company is particularly interested in Mixie's tokenization infrastructure and its accelerator model, which supports early-stage founders. This acquisition is part of a broader trend of increasing mergers and acquisitions in the crypto sector as the industry consolidates amid favorable regulatory conditions in the US.
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