ChainCatcher news, Brazilian investment bank BTG Pactual signed an agreement to acquire crypto-friendly broker Orama DTVM for 500 million Brazilian reals ($98.7 million) as part of its strategy to expand the bank’s digital platform. The transaction still needs to obtain the necessary Regulatory Approvals.
It is reported that Orama was founded in 2011 and is said to have assets under custody of nearly 18 billion reais (approximately $3.6 billion). Brazilian investment bank BTG Pactua launched the crypto trading platform Mynt in August last year and BTG Dol, a stablecoin anchored to the U.S. dollar at 1:1 in April this year.
It is reported that Orama was founded in 2011 and is said to have assets under custody of nearly 18 billion reais (approximately $3.6 billion). Brazilian investment bank BTG Pactua launched the crypto trading platform Mynt in August last year and BTG Dol, a stablecoin anchored to the U.S. dollar at 1:1 in April this year.