According to news on October 3, Brazilian investment bank BTG Pactual is acquiring crypto-friendly broker Orama DTVM as part of its strategy to expand the bank’s digital platform. BTG Pactual has signed an agreement to purchase 100% of Orama's shares for BRL 500 million (USD 98.7 million). It is understood that Orama was established in 2011 and is said to have assets under custody of nearly 18 billion reais (approximately US$3.6 billion) and provides services to approximately 360,000 customers. Orama focuses on the distribution of investment funds and fixed income products, but has also been exploring cryptocurrency investments.