Long Blockchain, a firm that is focused on developing and investing in globally scalable blockchain technology solutions, has entered into a letter-of-intent contemplating an all-stock transaction for Stater Blockchain (Stater).
Under the terms of the letter, Long Blockchain would form a wholly owned subsidiary, which would then merge with and into Stater.
As part of the proposed deal, Long Blockchain would also get Stater’s wholly owned subsidiary, Stater Global Markets, a Financial Conduct Authority (FCA) regulated brokerage that facilitates market access across multiple instruments including spot FX, digital currency futures and contracts for difference (CFDs).
Philip Thomas, CEO of Long Blockchain, comments, “We are excited to announce this potential milestone event for the company. Stater has been making investments to build its cryptocurrency platform and blockchain solutions, and we look forward to combining our efforts in this transformational partnership.