ChainCatcher news, according to TechCrunch, Singapore-based crypto packaging company Xalts has acquired the digital trading platform Contour Network, established by eight major banks including HSBC, Standard Chartered, and BNP Paribas. The terms of the deal have not been disclosed, but the acquisition price is up to several million dollars, including cash and stock.Data from the crypto data platform RootData shows that in October 2022, Xalts completed a $6 million seed round financing, led jointly by Citi Ventures and Accel, with participation from Polygon co-founder Sandeep Naiwal and others.

Chain Catcher news, institutional-level digital asset management company xalts has completed a $6 million financing round, co-led by Citi Ventures, a venture capital arm of Citibank, and venture capital fund Accel.It is reported that xalts is headquartered in Hong Kong and is building innovative institutional-level investment products and solutions, which will launch various digital asset-related investment products, including mutual funds and exchange-traded funds, on multiple global exchanges. (Coindesk)