Nasdaq-listed fintech firm Netcapital has made headlines with its acquisition of crypto-native protocol Mixie, marking a groundbreaking move that merges traditional finance with Web3 innovation. The acquisition was made through Netcapital’s portfolio company, Zelgor, for an undisclosed amount.

Mixie, known for its no-code Web3 gaming and tokenization infrastructure, is the first crypto-native protocol to be acquired by a publicly-traded company specifically to grow the blockchain space. Headquartered in Boston, Netcapital operates a digital platform that allows private companies to raise capital and offers investors access to private equity markets. Its SEC-registered funding portal underscores its strong presence in traditional financial markets.

The acquisition is expected to deepen synergies between Netcapital’s security infrastructure and Mixie’s advanced tokenization tools. Mixie’s model also supports early-stage Web3 projects, making it a strategic asset for Netcapital’s expanding fintech ecosystem. The firm trades under the ticker NCPL and has a market cap of around $6.8 million.

This acquisition comes amid a surge in crypto M&A activity in 2025, as the industry experiences increased consolidation. Major deals this year include Kraken’s $1.5 billion purchase of NinjaTraders, Coinbase’s $2.9 billion buyout of Deribit, and Ripple’s $1.5 billion acquisition of Hidden Road. Analysts expect this trend to continue, spurred by improving U.S. regulatory clarity and falling financing costs.

According to EARN’M CEO Dan Novaes, consolidation is inevitable in an industry that remains saturated and overtokenized. With Netcapital’s latest move, the line between traditional finance and decentralized innovation is starting to blur—ushering in a new era for the crypto economy.