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The top 3 crypto M&A deals that stole the limelight in April

crypto M&A deals

Mergers and Acquisitions in any nascent industry are indicative that the ecosystem is maturing through consolidations within it — The blockchain-crypto space is no different with over 300 examples of mergers disclosed so far. 

In April 2019, three noteworthy M&A deals according to InWara’s Monthly Report: April 2019 are listed below:

#1 Bakkt acquires DACC

Bakkt, the highly-publicized Bitcoin futures exchange has acquired DACC or Digital Assets Custody Company. According to the COO of Bakkt, Adam White, “The acquisition was made to ensure the optimized development of secure digital asset storage. Interestingly, this acquisition offers synergy that will also help Bakkt add altcoins to its platform in the future (source).”

Bakkt’s famous parent company, Intercontinental Exchange (ICE), was the company behind the development of the New York Stock Exchange. The experience of advancing global commodities markets that ICE brings to the table has helped the company gain credibility even outside the crypto space. 

Earlier in the year, Bakkt bought some assets of Chicago-based Futures commission merchant Rosenthal Collins Group (RCG) according to InWara’s M&A database

Interestingly, there have been a significant number of M&A deals taking place in the crypto space after the onset of the so-called crypto winter.

# of M&A deals by quarter

crypto M&A deal

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During the year 2018, as many as 118 M&A deals took place but a year earlier it was as low as 62, according to InWara’s M&A database. The increased M&A activity in 2018 represented ~90% growth YoY. 2019 started sedately but M&A seems to be a trend to keep an eye out for in this fast-paced space.

#2 Stake Capital acquires Hotstake

Stake capital acquired staking service Hotstake, a digital-asset management company that helps clients earn a passive income by staking their digital assets. Stake Capital offers investors non-custodial staking services on various networks. These are services picking up vogue in the Crypto space as they offer a passive income in an otherwise, wildly volatile market. 

Other supporting networks of Stake Capital include platforms like such as Decred, Cosmos, Livepeer and Loom. Notably, Stake Capital also supports Tezos.

#3 LiveRamp acquires Faktor 

LiveRamp has acquired consent and identity management platform Faktor to enhance security. With the Faktor-acquisition, LiveRamp see synergies in their privacy and data ownership space.

LiveRamp’s IdentityLink is a service that connects people, data and devices across the digital and physical worlds and allows for seamless transaction of information.

The number of M&A deals is expected to rise considering that larger & well established companies are exploring blockchain. With deep-pocketed players like IBM, Microsoft and Amazon entering the fray, it appears like M&A is the quick-and-dirty means to have a blockchain play.

 

If you're interested in reading about Security Token Offerings/Digital Securities, check out our highly acclaimed STO report: Security Token Offering Ecosystem.

 

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