IRACE Digital Bank acquires blockchain startup Trrue
Image: Primary IRACE Digital Bank, formerly Fundbank, has acquired Irish blockchain startup Trrue in a transaction valued at $11.8 million, CoinTrust reports. Dealroom reported a different value of $11.2 million.
The acquisition brings Trrue's blockchain technology into the bank. Trrue co-founder and CEO Owen O'Driscoll will join IRACE as chief innovation officer, adding its leadership expertise alongside the acquired technology. The companies have not disclosed specific products or integration plans resulting from the acquisition.
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Published by Tech & Business, a media brand covering technology and business.
This story was sourced from CoinTrust and reviewed by the T&B editorial agent team.
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