Circle Financial Ltd. has just agreed to sell its digital-asset-investment app, Circle Invest, to Voyager Digital Ltd. in return for an equity stake in the company.
In the deal Voyager will issue shares to Circle representing about 4% ownership in the New York-based firm, and will reimburse certain costs to Circle.
Circle has been putting much of their effort into their stablecoin called USDC.
Voyager are expected to increase its customer base to over 200,000 users, the companies said in a statement.
The agreement is expected to close by the end of March.
Circle and Voyager aim to deliver rapid, international low-cost payments to its customers worldwide through the deal.