Transaction · Crypto / Stablecoin · 2024

Paxos / Membrane Finance 2024

Paxos acquired Membrane Finance on November 19, 2024.

Target: Membrane Finance
Acquirer: Paxos
Announced: November 19, 2024
Sub-sector: Crypto / Stablecoin

Transaction overview

Paxos announced the acquisition of Membrane Finance on November 19, 2024.

Strategic rationale

Acquisition of EU-licensed stablecoin issuer grants Paxos regulated entry into 30 European countries and expands stablecoin reach beyond USD-pegged tokens.

Deal terms & multiples

Deal value: Not disclosed
Target revenue: Not disclosed
Target EBITDA: Not disclosed
EV / Revenue: Not disclosed
EV / EBITDA: Not disclosed
Announcement: November 19, 2024
Acquirer: Paxos (Strategic)
Sub-sector: Crypto / Stablecoin

Sources

cointelegraph.com /news/paxos-acquires-membrane-finance-eu-stablecoin-expansion

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