The Tie co-founder and CEO Joshua Frank has announced the launch of wholly owned subsidiary The Tie Capital. According to ChainCatcher, the unit is a broker-dealer registered with the U.S. SEC and a FINRA member.

It will provide investment banking and capital markets advisory services to crypto protocols, on-chain businesses, and digital asset service providers. Its services will include private financing, buy-side and sell-side M&A, protocol restructuring, token generation events, token-to-equity transactions, and other special situations deals.

Boomer Saraga will serve as managing director. The Tie was founded in 2017 and offers market intelligence, data APIs, conferences, enterprise access, and staking infrastructure, with the new unit aimed at expanding services for institutional clients.